WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 RESOLVED ALGERIA TAX DISPUTE the areal extent and provided additional confidence in the 200+ million barrel Anadarko reached an agreement with Sonatrach that resolved the Algeria tax…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 COST CONTROL & DRILLING EFFICIENCIES Drilling Efficiencies: Completion Cost Improvements: Anadarko continues to realize drilling efficiencies across its U.S. onshore The company continues…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 ROCKIES Drilling activity continued in the Powder River Basin horizontal exploration program where multiple horizontal objectives are being tested across the companys 350,000 net-acre…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 ROCKIES Wamsutter/Moxa: Anadarko drilled 14 operated wells with one rig and participated in 11 non- operated wells during the quarter in the Wamsutter field. The company drilled eight…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 SOUTHERN & APPALACHIA approximately 455 MMcf/d. Startup is planned for the 2nd quarter of 2013. During the quarter, the company entered into long-term agreements that will secure firm…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 SOUTHERN & APPALACHIA Marcellus: The company achieved the milestone of one Bcf per day of gross production during the quarter. In addition, Anadarko achieved an operated production record…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 GULF OF MEXICO SALES VOLUMES 1Q12 1Q12 1Q12 1Q11 1Q11 1Q11 Oil NGLs Gas Oil NGLs Gas MBbl/d MBbl/d MMcf/d MBbl/d MBbl/d MMcf/d Total 53 6 360 58 8 523 During the 1st quarter, the…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 GULF OF MEXICO PRODUCING PROPERTIES Independence Hub: Independence Hub averaged 393 MMcfe/d of gross production (249 MMcfe/d net) during the 1st quarter and surpassed the cumulative…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 GULF OF MEXICO Heidelberg: Green Canyon 903 (APC WI 44.25%) During the quarter, the company announced the successful results of the Heidelberg-2 appraisal well, which encountered…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 GULF OF MEXICO EXPLORATION Spartacus: Walker Ridge 793 (APC WI 63.3%) The company recently spud the Spartacus exploration well in about 7,000 feet of water and approximately fifteen miles…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 INTERNATIONAL/FRONTIER Ghana: DEVELOPMENT Gross production at the Jubilee field averaged 67,000 BOPD during the Alaska: quarter. Gross production from the Colville River Unit averaged…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 INTERNATIONAL/FRONTIER EXPLORATION/APPRAISAL Mozambique: Offshore Area 1 (APC WI 36.5%, operator) Early in the quarter, the company announced the seventh successful well in the…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 INTERNATIONAL/FRONTIER Mozambique (Continued) Ghana: Deepwater Tano (APC WI 18%) located at the southern end of the field. As the well was being drilled, local Early in the quarter, the…
WWW.ANADARKO.COM NYSE: APC FIRST-QUARTER 2012 INTERNATIONAL/FRONTIER Cte dIvoire: Block CI-105 (APC WI 50%, operator) Subsequent to quarter end, the company announced that the Kosrou-1 exploration well encountered approximately 312…