Rig Count | Forecast - Production | Capital Markets | Capital Expenditure - 2017 | Drilling Contractor
Anadarko Spending 60% More in 2017 on Delaware Basin, DJ Basin Drilling
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Anadarko Petroleum Corporation announced its 2017 initial capital expectations and guidance.
Initial capital program of $4.5 to $4.7 billion Increased Wolfcamp A (Delaware Basin) net resources by 50 percent to more than 3 billion BOE Increased DJ Basin development area net resources by 33 percent to more than 2 billion BOE Completed Eagleford divestiture increasing cash on hand as of March 3 to more than $5 billion Expected 25-percent increase in oil sales volumes in 2017 relative to the prior yearAl Walker, Anadarko Chairman, President and CEO said: "In 2017, we plan to allocate approximately 80 percent of our total capital program toward our U.S. onshore upstream and midstream activities, and our expanded position in the deepwater Gulf of Mexico."
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