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Anadarko's Year-Over-Year Production Down 11%
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Anadarko Petroleum Corporation has announced financial and operating results for the first quarter of 2016.
Q1 2016 Highlights Improved cost structure by $800 million by reducing the dividend and staffing Closed monetizations totaling $1.3 billion, advancing another $700-plus million of divestitures Issued $3.0 billion of new bonds to refinance debt maturing in 2016 and 2017 Operations Increased Delaware Basin net resource estimate to more than 2 billion barrels of oil equivalent (BOE) Achieved first oil at the Heidelberg development in the deepwater Gulf of Mexico Successfully drilled the company's first horizontal deepwater well offshore Cote d'Ivoire Anadarko's first-quarter sales volumes of natural gas, oil and natural gas liquids (NGLs) totaled 75 million BOE, or an average of…- ✓ Full news archive — U.S., Canada & international coverage
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