One-Page Deal Sheet
Anadarko Announces Acquisition of Wattenberg Plant
Anadarko Petroleum Corp BP Plc
Announced Date
March 23,2011
Transaction Type
Asset
Transaction Details: Subscribe to see
Anadarko Petroleum Corporation announced it has agreed to purchase BP America Production Company's 93-percent interest in the Wattenberg Processing Plant (Wattenberg Plant) for approximately $575.5 million. The Wattenberg Plant, located in Adams County in northeast Colorado, has the capacity to process approximately 195 million cubic feet per day (MMcf/d) of natural gas and 15,000 barrels per day of natural gas liquids and gas condensate. Upon closing, Anadarko will operate and have 100-percent ownership of the plant.
"With Anadarko volumes representing about 70 percent of the current…
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