Anadarko Petroleum Corporation (APC)

[MinnieM]

APC - Anadarko Announces Discovery Offshore Ghana

http://ih.advfn.com/p.php?pid=nmona&article=48929565&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced a light oil discovery at the Akasa-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana. The well encountered 108 net feet (33 meters) of primarily high-quality, oil-bearing pay from four main Turonian-aged sand packages, similar to those found in the Jubilee and Mahogany East areas. Samples recovered from the Akasa-1 well indicate oil of approximately 38 degrees API gravity.

"The Akasa-1 discovery continues to build upon our partnership's successful West Cape Three Points program, enhancing the resource potential of this prolific area," said Anadarko Sr. Vice President, Worldwide Exploration, Bob Daniels. "After successful appraisal, we expect the Akasa discovery along with previous discoveries at Teak to potentially anchor an additional development on the block."

The well was drilled to a total depth of approximately 12,850 feet (3,920 meters) in approximately 3,800 feet (1,160 meters) of water. The partnership plans to preserve the Akasa-1 discovery well for future use and plans further delineation in the area with appraisal activity at both Akasa and Teak.

Anadarko has a 30.875-percent working interest in the West Cape Three Points Block. Other partners in the block include Kosmos Energy (30.875-percent working interest and operator), Tullow Oil plc (26.396-percent working interest), Sabre Oil & Gas Holdings Ltd (1.854-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).

Tweneboa-4 Drillstem Test (DST), Deepwater Tano Block

The partnership also successfully tested the Tweneboa-4 well, which resulted in sustained flow rates of approximately 3,500 barrels of condensate per day (BCPD) and 30 million cubic feet of natural gas per day (MMcf/d). A previous DST at the Tweneboa-2 well achieved flow rates of 6,500 barrels of oil per day (BOPD) and 4.8 MMcf/d. The data from these tests are being used to optimize development plans for the Tweneboa/Enyenra complex. The partnership has mobilized the drillship north to drill an up-dip appraisal well at Enyenra-3A.

Anadarko holds an 18-percent working interest in the Deepwater Tano Block. Tullow Oil plc is the operator with a 49.95-percent working interest, and the other partners in the block are Kosmos Energy (18-percent working interest), Sabre Oil & Gas Holdings Ltd (4.05-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).

Additional Deepwater Update

Anadarko's Montserrado prospect, which is the first deepwater well in Liberian waters, spud in late July and is currently drilling toward its objective. Montserrado is located approximately 53 miles (85 km) southeast of Anadarko's Mercury-1 discovery well offshore Sierra Leone. Once drilling is complete at Montserrado, the company plans to mobilize the rig to Sierra Leone to drill the Jupiter-1 exploration well followed by an appraisal to the Mercury discovery.

Additionally, long-lead items are in place, and letters of intent have been signed for two rig slots in Cote d'Ivoire, where Anadarko plans to begin drilling late this year or early in 2012 at the Kosrou-1X and Paon-1 exploration wells.

In the Gulf of Mexico, drilling permits were recently issued to Anadarko for the Heidelberg appraisal well, the Cheyenne East exploration well near the company's Independence Hub facility, and a development well in the Nansen field. Drilling activity at these locations is expected to begin later this year.

A Map of Anadarko's West Africa exploration and appraisal activities is available under the "Media Center/Anadarko News" tab at www.anadarko.com.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had approximately 2.42 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's (or its partners') ability to successfully drill the prospects identified in this release and, as appropriate, construct and operate any related production facilities. See "Risk Factors" in the company's 2010 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

PDF Attachment Available: http://secure1.marketwire.com/attachments/201108/30991_Akasa_PressReleaseMap.pdf

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Anadarko Contacts

Media:

John Christiansen
832.636.8736

Brian Cain
832.636.3404

Investors:

John Colglazier
832.636.2306

Clay Gaspar
832.636.2541

Wayne Rodrigs
832.636.2305

[MinnieM]

Anadarko Recommends Rejection of Unsolicited Mini-Tender Offer

http://ih.advfn.com/p.php?pid=nmona&article=48838954&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase 1.5 million shares, or approximately 0.301 percent, of common stock of Anadarko at $77.25 per share, which was more than 4 percent below Anadarko's closing share price on Aug. 2, 2011, the day prior to the offer. Anadarko is not associated with TRC Capital, this mini-tender offer or the offer documentation. Anadarko does not endorse the offer and recommends against shareholders tendering their shares in response to this offer.

Mini-tender offers, such as this one, are third-party offers that seek to acquire less than 5 percent of a company's outstanding shares. These offers avoid many of the investor protections afforded for large tender offers, including the filing of disclosure and other tender offer documents with the U.S. Securities and Exchange Commission (SEC), and other procedures required by U.S. securities laws.

Shareholders are advised that, pursuant to the terms of the offer, TRC Capital may terminate or amend its offer if certain conditions occur, including any decrease in the company's share price, a decline in the Dow Jones Industrial Average, the Standard and Poor's Index of 500 Industrial Companies or other various indexes that exceeds 10 percent measured from the close of business on Aug. 2, 2011, or the unavailability of financing for the purchase on terms satisfactory to TRC Capital. Anadarko urges investors to:

•Review the conditions to the offer;
•Consider the volatility in the financial markets since the date of the offer and the potential long-term value of the company;
•Consider the lack of clarity in connection with the mini-tender offer as to the treatment of the dividend of 9 cents per share of Anadarko common stock payable Sept. 28, 2011 to stockholders of record at the close of business on Sept. 14, 2011;
•Consult with their broker or financial advisor; and
•Exercise caution with respect to TRC's offer.
The SEC has issued "Investor Tips" on mini-tender offers and advises that often in making the offers at below-market prices, "bidders are hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." The SEC's advisory is available at: http://www.sec.gov/investor/pubs/minitend.htm.

Anadarko shareholders who have already tendered are advised that, as described in TRC Capital's Offer to Purchase document, they may withdraw their shares prior to the expiration of the offer, which is currently scheduled at 12:01 a.m. Eastern time on Thursday, Sept. 1, 2011.

Anadarko encourages stockbrokers and dealers, as well as other market participants to review the SEC and New York Stock Exchange (NYSE) recommendations on the dissemination of mini-tender offers. These recommendations are available at: http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm and in the information Memo Number 01-27 issued by the NYSE on Sept. 28, 2001, which can be found under the "NYSE Regulation - Rules & Interpretations - Information Memos" tab at www.nyse.com.

Investors:

John Colglazier
832.636.2306

Clay Gaspar
832.636.2541

[OilStockReport]

Keep your eyes peeled on their site for that presentation.

[MinnieM]

Anadarko to Present at Upcoming Oil and Gas Conference

http://ih.advfn.com/p.php?pid=nmona&article=48796383&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced that Senior Vice President of Worldwide Exploration Bob Daniels will present at the Enercom Oil and Gas Conference in Denver, Colorado, on Wednesday, Aug. 17, 2011 at 12 p.m. Mountain (MDT). A link to the webcast presentation will be available at www.anadarko.com. The replay and slide presentation also will be available on the company's Web site for approximately 30 days following the event.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had approximately 2.42 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

Anadarko Contacts

Media:

John Christiansen
Em832.636.8736

Brian Cain
832.636.3404

Investors:

John Colglazier
832.636.2306

Clay Gaspar
832.636.2541

Wayne Rodrigs
832.636.2305

[OilStockReport]

Been a lot of talk about APC this week. Think their Q2 reports caused the little dip?

[MinnieM]

Anadarko Announces Second-Quarter Results

http://ih.advfn.com/p.php?pid=nmona&article=48562238&symbol=APC

[OilStockReport]

Better get my research on with the Lucius field. Seems like a good play.

[MinnieM]

APC - Anadarko Announces Lucius Unitization

http://ih.advfn.com/p.php?pid=nmona&article=48473418&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced the finalization of a unitization agreement with Exxon Mobil Corporation and co-owners to develop the Lucius field. The unitization includes portions of Keathley Canyon blocks 874, 875, 918 and 919 in the deepwater Gulf of Mexico. Anadarko will operate the unit with a 35-percent working interest. Following the unitization agreement, the Lucius interest owners entered into an agreement with the Hadrian South co-venturers whereby natural gas produced from the Hadrian South field will be processed through the Lucius facility in return for a production-handling fee and reimbursement for any required facility upgrades.

"As a result of these agreements, we expect Lucius to be among the most economically efficient projects in our portfolio, while providing important infrastructure in an emerging area of the Gulf of Mexico," said Al Walker, Anadarko President and Chief Operating Officer. "We've already placed orders for the long-lead items, including the truss spar floating production facility, which will have a capacity of more than 80,000 barrels of oil per day (BOPD) and 450 million cubic feet of natural gas per day. We look forward to working with our new co-owners and anticipate sanctioning the project later this year, with first production expected in 2014."

Anadarko and the co-owners also recently completed an extended well test at the Lucius discovery that provided assurance regarding the flow rates and excellent reservoir characteristics of the field. With equipment-constrained rates in excess of 15,000 BOPD of high-quality oil (29° API gravity), the test provided additional confidence in Anadarko's previous resource estimates and indicated that Lucius can be developed with a minimal number of wells.

Co-owners in the Lucius unit include Plains Exploration & Production Company (NYSE: PXP) with a 23.3-percent working interest; Exxon Mobil Corporation (NYSE: XOM) with a 15-percent working interest; Apache Deepwater LLC, a subsidiary of Apache Corporation (NYSE: APA) (NASDAQ: APA) with an 11.7-percent working interest; Petrobras with a 9.6-percent working interest; and Eni Petroleum with a 5.4-percent working interest.

A map of Lucius will be available under the "Media Center/Anadarko News" tab at www.anadarko.com.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had approximately 2.42 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's ability to successfully sanction the Lucius project, achieve first production and receive the necessary permits in the Gulf of Mexico to successfully drill, complete, test and produce the wells and prospects identified in this news release. See "Risk Factors" in the company's 2010 Annual Report on Form 10-K and other public filings and press releases. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

PDF Attachment Available: http://media.marketwire.com/attachments/201107/29220_Lucius_PressReleaseMap.pdf

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Anadarko Contacts

Media:
John Christiansen
Email Contact
832.636.8736


Brian Cain
Email Contact
832.636.3404

Investors:
John Colglazier
Email Contact
832.636.2306


Clay Gaspar
Email Contact
832.636.2541


Wayne Rodrigs
Email Contact
832.636.2305

[OilStockReport]

Yet another person talking positively about this stock.

Anadarko Petroleum (NYSE:APC): The shares have traded in a 52-week range of $38.09 to $85.50, and most recently traded at $79.07. The company’s market capitalization is $39.34 billion, its trailing P/E ratio is 150.97, and it earned $0.52 per share over the trailing 12 months. About the company: Anadarko Petroleum Corporation is an independent oil and gas exploration and production company with international operations. In the United States, the Company operates in Texas and surrounding states, the Rocky Mountain region, Alaska, and the Gulf of Mexico. Internationally, Anadarko has exploration and/or production operations in Africa, Asia, South America, and the Caribbean. Competitors to Watch: Chevron Corporation (NYSE:CVX), Devon Energy Corporation (NYSE:DVN), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Exxon Mobil Corporation (NYSE:XOM), Chesapeake Energy Corp. (NYSE:CHK), Newfield Exploration Co. (NYSE:NFX), EOG Resources, Inc. (NYSE:EOG), Plains Exploration & Production Co. (NYSE:PXP), and Marathon Oil Corporation (NYSE:MRO)

[MinnieM]

APC chart:

[OilStockReport]

Looking good in the Eagle Ford too.

The APC data look best, but come with a gotcha. APC, which owns a 25% interest in the Macondo well, may face an uncertain amount of liability for last summer‘s spill, although APC denies any responsibility. Plus APC has significant interests in the Gulf of Mexico. The development of some of these has been hindered by the moratorium on drilling (and the slower permitting process now that the moratorium is over). I should mention that APC has made three new discoveries in the Gulf of Mexico this year. Plus it has a recent big discovery off the coast of Ghana. These might factor into your decision about this stock.

[OilStockReport]

APC better than EOG?

[OilStockReport]

APC benefiting from the high oil prices.

Anadarko posted a 3.5% increase in Q1 2011, revenues to $3.25 billion from $3.1 billion in Q1 2010, and most of the that increase came from 26% jump in the average realized prices of crude oil and condensates. The company sold 19 million barrels of crude oil and condensates at an average price of $94.85 per barrel compared to the 20 million barrels at an average price of $75.18 per barrel during Q1 2010.

Several factors such as the: 1) the increasing pace of economic recovery, 2) the increase in global demand for oil, and 3) the unrest in the Middle East and North Africa contributed to the rise in crude oil prices during the quarter

.

[OilStockReport]

Not looking to shabby right now.

[ChitForBrains]

They actually have many more in the area from South Dimmitt county to where 44 hits US Hwy 83 in Webb county with Shell and SM Energy mixed in from place to place but mainly Anadarko with most being recent (no production filed).

After that Lewis Petro owns much of the rest of Webb to I-35 (private firm, Lewis Energy Group, a fantastic story on their web page of the man taking a well to be plugged and money from his parents land being mortgaged into a hugh company (with all these same type wells, except they like NG for some reason).

APC is usually always too high on PE for me to risk, like they've already bought it up (those rich Panhandle people usually keep Anadarko over priced, but yes they have a lot of new wells in the Eagleford and growing I imagine.

[OilStockReport]

Sounds pretty impressive. Think there will be gained interest in APC with this project?

[ChitForBrains]

Small earnings, too high of a P/E and $7 per share cash on hand.

Where's their growth to justify that high P/E? 80/share to buy why would someone buy APC 138PE vs XOM 13PE?

I see the Koreans gave them a third on their cash on hand for a percent of the Eagleford play, but man they need to buy someone out with all that cash! What a waste!

[ChitForBrains]

Anadarko hits with oil and condensate on those Dimmitt county Eagleford shale plays (instead of big NG).

Example: http://webapps.rrc.state.tx.us/CMPL/ogmappcontents/cmplcontents/prod/cmplDatFilesDir/cmpl_RptForm_cmplusr_1304871859346.pdf

That's a per day amount on a three day test. 335 bbls per day and they fanned out 3 wells from one spot (a Anadarko and SM Energy trademark in that area). In other words about a 1,000 barrels per well location.

[OilStockReport]

Do you think the shale plays will play a big role in the next quarter?

[MinnieM]

Anadarko Announces First-Quarter Results

http://ih.advfn.com/p.php?pid=nmona&article=47493631&symbol=APC

[socialmedia-investme]

APC Hedge fund favorite report
http://www.babelation.com/feed/hedge-funds-favorite-stock-picks

[OilStockReport]

APC is one of John Paulson's favorites

Anadarko Petroleum (APC): Anadarko is an oil and gas corporation with a market cap of $39B. It has valuable assets in both oil and natural gas, in the U.S. and abroad, and is active in offshore drilling. As mentioned in the intro, Paulson was bullish on energy in the final quarter of 2010, increasing Anadarko shares by 58.79% and bringing it up to 5.54% of his portfolio. The stock is currently trading at a very high valuation, with a P/E of 51. Nonetheless, further review makes it a little more reasonable. APC is an efficient operator, and its PEG and price/book, both around 1.9, are much more in line with the industry. While several factors have affected short-term earnings, including costs associated with its 25% stake in the BP Macondo well, we think it will be able to bring its earnings up closer to those of previous years. Overall, we find it hard to buy at the current P/E, but this is a good company with strong growth potential.

[OilStockReport]

Wall Street Journal said that APC was a good bet for an oil play. I like this upward trend.

[MinnieM]

Investing in APC last year would have brought in some nice profits. It's kind of range bound now, but, the overall trend is still up.

[OilStockReport]

APC competing w/ Samson in B-J Basin?

Anadarko (APC) holds 900,000 acres in the D-J Basin. This year it plans to drill over 40 horizontal wells. Anadarko's Wattenberg acreage saw a year over year improvement with respect to oil production from the fourth quarter of 2009 (16 MBbl/d) to the fourth quarter of 2010 (19 MBbl/d). During the fourth quarter Anadarko drilled 118 wells at Wattenberg. It has seven operated drilling rigs with spud to spud cycle time of 4.3 days. For the year, Anadarko spud 371 wells here. In the Niobrara outside the Wattenberg field, Anadarko has 550,000 acres. It is continuing to evaluate this area. During the fourth quarter, Anadarko completed its fifth vertical test well and second horizontal. It started producing its first horizontal, fracced its second, and reached total depth on its third horizontal well. Anadarko is using a 20 stage stimulation treatment on its horizontals. Just south of Silo Field, Anadarko has total wells completed and 17 permitted.

[OilStockReport]

Do you think investing in APC and other independents will help to battle high has prices?

Combat High Gasoline Prices With These Stocks

The end result is that with Libyan light sweet crude likely off the market for some time, it could force refineries to switch to refining lower quality crude. That will mean lower profits for the refiners and continued high gasoline prices at the pumps. The Energy Information Administration (EIA) warned that if the Libyan crisis continues,

it could conflict with a seasonal ramp-up in refinery production ahead of the peak summer driving season.

Translation: Oil prices could rise even more.

So to protect yourself as both a consumer and profit as an investor, make sure your portfolio has some exposure to some of the large independent producers and explorers like Anadarko Petroleum Corporation (NYSE: APC), Exxon Mobil Corporation (NYSE: XOM) andChevron Corporation (NYSE: CVX).

[OilStockReport]

I'm always up for a discovery! We continue to be very bullish for APC and although upside has been slow but steady over last few months we are holding our hats for the next couple quarters. GLTA

[MinnieM]

Anadarko Announces Discovery Offshore Ghana

http://ih.advfn.com/p.php?pid=nmona&article=47040341&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced a deepwater discovery at the Teak-2 prospect, located in the West Cape Three Points Block offshore Ghana. The Teak-2 exploration well encountered approximately 90 net feet of high-quality oil, condensate and natural gas pay in stacked Campanian- and Turonian-age reservoirs.

"The Teak-2 discovery is another confirmation of our geologic model that adds to the substantial resource potential of the area and extends the success of our multi-well exploration program on the West Cape Three Points Block," said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration. "We are very pleased with the results encountered in this discovery, which will be further evaluated with future appraisal activity. We continue to work with our partners and the Republic of Ghana to advance our exploration and appraisal programs, as well as the increasing number of development opportunities in both the West Cape Three Points Block and adjacent Deepwater Tano License."

The Teak-2 well was drilled to a total depth of 11,185 feet in water depths of approximately 2,900 feet. The well is approximately 5,900 feet southwest and fault separated from Teak-1, and approximately two miles northeast of the Mahogany-2 well. After preserving the well at Teak-2 for future use, the partnership plans to mobilize the rig to drill the Banda prospect, also located in the West Cape Three Points Block.

Anadarko owns a 30.875-percent working interest in the West Cape Three Points Block, which is operated by Kosmos Energy (30.875-percent working interest). Other co-owners in the block include Tullow Oil plc (22.896-percent working interest), the E.O. Group (3.5-percent working interest), Sabre Oil & Gas Holdings Ltd (1.854-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).

West Africa Exploration Update

Anadarko has finalized plans for its previously announced 2011 drilling campaign in the Liberian Basin. To carry out this program, Anadarko intends to mobilize the Discoverer Spirit drillship from the Gulf of Mexico to West Africa after it finishes completion activities on the third Caesar/Tonga well. Subject to the finalization of a contract amendment with the rig owner, the Discoverer Spirit is expected to begin drilling in West Africa during the third quarter.

As part of this program, Anadarko plans to drill its first Mercury appraisal well, located approximately seven miles west of the Mercury discovery well offshore Sierra Leone in Block SL-07B-10. In addition, the company plans to drill the Jupiter exploration prospect on the same block later in the year. Anadarko operates Block SL-07B-10 with a 65-percent working interest.

Offshore Liberia, the company plans to drill the Montserrado exploration well on Block 15, which is operated by Anadarko with a 57.5-percent working interest. Further to the east, on Block 10, Anadarko recently completed the acquisition of a 2,400-square-kilometer 3D seismic survey. Processing of the survey is expected to take approximately six to nine months, and with the acquisition of this data, Anadarko will have 3D seismic information covering virtually all of its acreage in the Liberian Basin.

"Mobilizing the Discoverer Spirit to West Africa ensures our ability to deliver upon our exploration and appraisal programs in a timely fashion in an area that offers tremendous potential with more than 30 identified Jubilee-like prospects on our acreage," said Al Walker, Anadarko President and Chief Operating Officer. "We plan to keep the ENSCO 8500 rig in the Gulf of Mexico to conduct an extended well test at Lucius and, once we receive drilling permits, we are confident that we will be able to utilize the ENSCO 8500 and contract a deepwater rig of opportunity to resume our development and exploration programs in the Gulf."

Maps of the Teak-2 discovery offshore Ghana and Anadarko's planned 2011 activity offshore Sierra Leone and Liberia will be available under the "Media Center/Anadarko News" tab at www.anadarko.com.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had approximately 2.42 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's ability to receive the necessary drilling permits in the Gulf of Mexico, finalize the amendment to the Discoverer Spirit rig contract, access the open rig market and successfully drill, complete, test and produce the wells and prospects identified in this news release. See "Risk Factors" in the company's 2010 Annual Report on Form 10-K and other public filings and press releases. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

PDF Attachment Available: http://media.marketwire.com/attachments/201103/23206_LiberianBasin_PressReleaseMap.pdf

PDF Attachment Available: http://media.marketwire.com/attachments/201103/23207_Teak2_PressReleaseMap_032311.pdf

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1557786

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1557785



Anadarko Contacts

Media:

John Christiansen
Email Contact
832.636.8736

Matt Carmichael
Email Contact
832.636.2845

Brian Cain
Email Contact
832.636.3404



Investors:

Dean Hennings
Email Contact
832.636.2462


Wayne Rodrigs
Email Contact
832.636.2305

[OilStockReport]

Joint venture, thoughts?

Anadarko, KNOC plan Eagle Ford joint venture

Mar 21, 2011
By OGJ editors

HOUSTON, Mar. 21 -- Anadarko Petroleum Corp. and a subsidiary of Korea National Oil Corp. agreed to form a joint venture in the liquids-rich Eagle Ford shale.

KNOC will invest $1.55 billion in the form of a carry for about one-third of Anadarko's Maverick basin assets in South Texas.

The carry will finance 100% of Anadarko’s 2011 post-closing capital costs in the basin and up to 90% of the costs after that until the carry is exhausted, expected by yearend 2013.

National oil companies, international oil companies, and others are investing in US shale gas plays in an accelerating trend (OGJ, Feb. 28, 2011, p. 18).

Anadarko President and Chief Operating Officer Al Walker said the transaction involves acreage in the play’s higher-margin condensate window.

KNOC also will reimburse Anadarko for net cash outflows, relative to acquired interest, subsequent to the effective date of Jan. 1, 2011. These costs are expected to be $50 million.

In exchange, KNOC will receive 80,000 net acres in the Eagle Ford and 16,000 additional prospective net acres for the deeper dry-gas Pearsall shale and Pearsall opportunities underlying the Eagle Ford acreage

KNOC may also elect, no later than 30 days post-closing, to participate as a partner with a 25% working interest in associated gathering systems and facilities.

Anadarko plans to boost the number of rigs working in the Eagle Ford shale to 10 from 9 early in the second quarter.

[MinnieM]

Anadarko to Present at Energy Conference

http://ih.advfn.com/p.php?pid=nmona&article=46998356&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced that Chairman and CEO Jim Hackett will present at the Howard Weil Energy Conference in New Orleans, La., on Monday, March 28, 2011 at 8:25 a.m. Central (CDT). A copy of the presentation slides will be available at www.anadarko.com at the conclusion of the event.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had approximately 2.42 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

Anadarko Contacts

Investors:
Dean Hennings
Email Contact
832.636.2462


Wayne Rodrigs
Email Contact
832.636.2305

[MinnieM]

Anadarko Announces $1.55 Billion Joint Venture in the Eagleford Shale

http://ih.advfn.com/p.php?pid=nmona&article=46951733&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced it has signed a joint-venture agreement with a subsidiary of Korea National Oil Corporation (KNOC), whereby KNOC will earn approximately one-third of Anadarko's interest in the company's Maverick Basin assets, located in southwest Texas, for approximately $1.55 billion, effective Jan. 1, 2011.

"This transaction demonstrates the substantial embedded value of our Eagleford acreage position assembled primarily in the higher-margin condensate window of the play, while further enhancing our capital efficiency in a tax-effective manner," Anadarko President and Chief Operating Officer, Al Walker said. "We have expanded our midstream infrastructure and established various service agreements concurrent with our drilling pace in the Eagleford Shale, leading Anadarko to become the largest producer in the play during the fourth quarter of 2010. As a result, almost all of our completed wells are on line, with approximately 75 percent of our sales volumes comprised of liquids. As announced in February, we plan to further accelerate the value of this play by increasing our operated rig count from nine to ten early in the second quarter of this year. We are very pleased to welcome KNOC as our partner in this development and hope we will be able to pursue other investments together in the future."

Under the terms of the agreement, KNOC's $1.55 billion investment will be made entirely in the form of a carry, funding approximately 100 percent of Anadarko's 2011 post-closing capital costs in the basin, and up to 90 percent thereafter until the carry is exhausted, which is expected to occur by year-end 2013. KNOC will also reimburse Anadarko for net cash outflows, relative to their acquired interest, subsequent to the effective date, which are expected to be approximately $50 million. In exchange, KNOC will receive:

Approximately 80,000 net acres in the liquids-rich Eagleford Shale play
Approximately 16,000 additional prospective net acres for the deeper dry-gas Pearsall Shale, as well as Pearsall opportunities underlying the aforementioned Eagleford acreage
KNOC may also elect, no later than 30 days post-closing, to participate as a partner with an approximate 25-percent working interest in the associated gathering systems and facilities, by paying its share.

Closing of the transaction, anticipated to occur during the second quarter, is subject to applicable regulatory approvals and other contractual conditions. Anadarko's advisors on the transaction were Jefferies & Company, Inc. and Deutsche Bank Securities Inc.

A map of Anadarko's Maverick Basin acreage is available under the "Media Center/Anadarko News" tab at www.anadarko.com.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had approximately 2.42 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's drilling risks, the ability to execute on production and development plans and the ability to consummate the transactions described in this news release. See "Risk Factors" in the company's 2010 Annual Report on Form 10-K and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

Anadarko Contacts

Media:

John Christiansen
Email Contact
832.636.8736

Matt Carmichael
Email Contact
832.636.2845

Brian Cain
Email Contact
832.636.3404

Investors:

John Colglazier
Email Contact
832.636.2306

Dean Hennings
Email Contact
832.636.2462

[MinnieM]

Anadarko Announces 2011 Capital Program and Guidance, and Reaffirms Five-Year Plan

http://ih.advfn.com/p.php?pid=nmona&article=46607077&symbol=APC

[snowydog]

With the meltdown in the middle east - what should tomorrow bring for APC?

[MinnieM]

Anadarko Declares Dividend

http://ih.advfn.com/p.php?pid=nmona&article=46478669&symbol=APC

The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common shares.

A dividend of 9 cents per share was declared on the company's outstanding common stock, payable March 23, 2011, to stockholders of record at the close of business on March 9, 2011.

The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital requirements and other factors. The Board of Directors determines dividends on a quarterly basis.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2010, the company had 2.42 billion barrels of oil equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

Anadarko Contacts

Investors:
John Colglazier
Email Contact
832.636.2306

Dean Hennings
Email Contact
832.636.2462

[OilStockReport]

Both good points. I am still very bullish on APC here.

[MinnieM]

My guess is that BP will be hit with the entire bill due to a finding of gross negligence. APC shouldn't be hit with anything large. Time will tell. :0

[OilStockReport]

Anadarko Petroleum, BP’s silent partner in the Gulf of Mexico spill, has staged a remarkable recovery since last April’s disaster. Discoveries from Mozambique to Brazil, along with takeover talk, have returned the explorer’s shares to preaccident levels. Yet the firm’s unknown liability makes it a slippery prey.

Early on, BP’s problem looked potentially life-threatening to Anadarko, which has a 25 percent stake in the Macondo well in the gulf. Within two months of the spill, investors had stripped about $13 billion from the value of the company relative to its peer group. Anadarko, led by its chairman and chief executive, James T. Hackett, has yet to fully catch up with its rivals. But its revival has nonetheless been impressive. Shares in Anadarko, a $37 billion company, have lately traded above their level before the notorious blowout — a feat that neither BP nor the rig owner, Transocean, has approached.

Part of the explanation for this turnaround lies in Anadarko’s prowess as a wildcatter. In Mozambique, the company has been so successful at tapping new resources that building a costly plant to liquefy natural gas now looks worthwhile. Oil discoveries off the coasts of Sierra Leone and Ghana are expected to increase prospects in the rest of the region. Add in findings in Brazil, and around 80 percent of Anadarko’s international exploration targets have hit their mark against an industry average of less than 40 percent, according to the investment bank Raymond James. Investors were also cheered that production from Ghana’s giant Jubilee field started on time.

Still, potential buyers of Anadarko, like the often-jilted BHP Billiton, might find the company tricky to value. While the possible range of the company’s liability for the BP spill has narrowed, the numbers remain large. With the total cost of the spill now estimated at $40 billion, Anadarko could still face a $10 billion hit — equal to about a quarter of the firm’s value, or around $20 a share. On the other hand, if the spill can be attributed in legal terms to “gross negligence” on BP’s part, Anadarko will suffer only financial flesh wounds.

The investors that bought Anadarko’s stock during the oil spill have been richly rewarded. But a further leap of faith will be necessary for any acquirer.

[MinnieM]

The end of July rally hasn't ended yet. ;)

[MinnieM]

Yes they are. ;)

[OilStockReport]

That is pretty exciting stuff! Seems to be well positioned to take advantage of the coming surge in natural gas and increased oil prices.

[MinnieM]

Anadarko Announces Major Discovery Offshore Mozambique

http://ih.advfn.com/p.php?pid=nmona&article=45419879&symbol=APC

Anadarko Petroleum Corporation (NYSE: APC) today announced its third major natural gas discovery this year in the Offshore Area 1 of Mozambique's Rovuma Basin at the Lagosta prospect. The discovery well encountered a total of more than 550 net feet of natural gas pay in multiple high-quality Oligocene and Eocene sands.

"The Lagosta discovery, located approximately 16 miles to the south of the previously announced Barquentine discovery and 14 miles to the southeast of the Windjammer discovery, significantly expands this emerging world-class natural gas province," Anadarko Sr. Vice President, Worldwide Exploration Bob Daniels said. "The Lagosta discovery continues to validate our geophysical models, and we expect to keep the Belford Dolphin drillship in the basin for the foreseeable future to continue a very active exploration and appraisal program, including at least one planned drillstem test in 2011.

"Although additional appraisal drilling will be required, we believe the three discoveries announced to date already exceed the resource size threshold necessary to support an LNG (liquefied natural gas) development, and we have assigned an integrated project team to begin advancing commercialization options. Given the global LNG trade and its indexing to the global crude market, this resource can provide tremendous economic value for the people of Mozambique, the government and the partnership," added Daniels.

The Lagosta exploration well has been drilled to a current depth of approximately 13,850 feet in water depths of approximately 5,080 feet. The partnership plans to drill to a total depth of approximately 15,900 feet to evaluate a deeper zone. Once operations are complete at Lagosta, the partnership expects to mobilize the rig 17.5 miles to the southwest to drill the Tubarão exploration well, which also is located in the 2.6-million-acre Offshore Area 1.

Anadarko is the operator of Offshore Area 1 with a 36.5-percent working interest. Co-owners in the area are Mitsui E&P Mozambique Area 1, Limited (20 percent), BPRL Ventures Mozambique B.V. (10 percent), Videocon Mozambique Rovuma 1 Limited (10 percent) and Cove Energy Mozambique Rovuma Offshore, Ltd. (8.5 percent). Empresa Nacional de Hidrocarbonetos, ep's 15-percent interest is carried through the exploration phase.

A map of Anadarko's position in the Offshore Area 1 of the Rovuma Basin and the Lagosta discovery will be available under the "Media Center/Anadarko News" tab at www.anadarko.com.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2009, the company had approximately 2.3 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's ability to successfully drill, complete, test and produce the wells and prospects, or successfully develop or commercialize the LNG or related projects, identified in this news release. See "Risk Factors" in the company's 2009 Annual Report on Form 10-K, Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2010 and other public filings and press releases. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1435274


Anadarko Contacts

Media:
John Christiansen
Email Contact
832.636.8736

Matt Carmichael
Email Contact
832.636.2845

Investors:
John Colglazier
Email Contact
832.636.2306

Chris Campbell, CFA
Email Contact
832.636.8434

Dean Hennings
Email Contact
832.636.2462

[OilStockReport]

That is an incredibly funny idea. I have one of those scales but didn't ever think to use it for something like that LOL.

Yesterday was great, time with family and out of town friends. We eat, played games and laughed a lot. Off to my girlfriends parents for today! Cheers.

[MinnieM]

Yesterday was a great day along with being funny. We had a pretty good sized group and everyone got on scales AFTER dinner. The host even had one of those body mass ones that you have to stand barefoot on to get a reading. It was hysterical. lol

You may have had to be there to see the humour. ;)

Have a great holiday yourself. I'm soon out the door again. ;)

[OilStockReport]

Nice chart KarinCA! I hope you had a good holiday!

[MinnieM]

APC chart:

[OilStockReport]

HOUSTON, TX -- (MARKET WIRE) -- 11/22/10 -- Anadarko Petroleum Corporation (NYSE: APC) today announced interim results at the Itauna #1 well in block BM-C-29 offshore Brazil. To date, the well has encountered in excess of 275 net feet of oil and natural gas pay in two separate post-salt zones on which show reports were filed with the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP).

"We are pleased that our first well on block BM-C-29 is a substantial discovery in the post-salt section," Anadarko Sr. Vice President, Worldwide Exploration Bob Daniels said. "The already significant post-salt pay count could increase when we perform a bypass to obtain additional information that should address the unconsolidated formations in the existing hole. We are drilling ahead to test two targeted pre-salt objectives and expect to complete activities in the well by the end of the year."

The Itauna #1 well, which is located in approximately 250 feet of water, has been drilled to a current depth of approximately 15,250 feet with a planned total depth of nearly 18,000 feet. Following activities on this well, the rig will go to work for another operator, and then is expected to return to Anadarko in 2011 to conduct appraisal activity on the block. Anadarko operates block BM-C-29 with a 50-percent working interest. Ecopetrol is the co-owner in the block with a 50-percent working interest.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2009, the company had approximately 2.3 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's ability to successfully drill, complete, test and produce the well identified in this news release. See "Risk Factors" in the company's 2009 Annual Report on Form 10-K, Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2010 and other public filings and press releases. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

[OilStockReport]

BOGOTA, Colombia, Nov. 22, 2010 /PRNewswire/ -- Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; BVL: EC; TSX: ECP) informs that Anadarko Petroleum Corporation, operator of block BM-C-29, in which Ecopetrol holds a 50% stake, reported that drilling activity at the Itauna-1 well has revealed further evidence of hydrocarbons.

(Logo: photos.prnewswire.com/prnh/20090209/ARM001LOGO )

According to the report submitted by Anadarko to the Agencia Nacional del Petroleo de Brasil (National Petroleum Agency of Brazil – ANP), in compliance with Brazilian regulations, a 275-foot hydrocarbon column was encountered in two different areas of the so-called "post-salt" target.

The discovery at the Itauna-1 well is in addition to that previously reported on September 28, 2010.

Itauna-1, located offshore in the Campos basin in Brazil, is the first well drilled on block BM-C-29.

The well currently runs to a depth of 15,250 feet, with drilling set to continue over the next weeks to a depth of approximately 18,000 feet for purposes of probing the exploratory objectives of the "pre-salt" section.

Drilling is expected to conclude by the end of this year. Final estimates of potential and size of the discovery will be available once field tasks and tests are completed.

Ecopetrol is a 50% partner in the block through its affiliate, Ecopetrol Oleo e Gas do Brasil Ltda. Anadarko Petroleum Corporation holds the other 50% partnership interest.

Ecopetrol is Colombia's largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 40 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and it is entering into the biofuels business.

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Ecopetrol. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, among other factors; therefore, they are subject to change without prior notice.

[OilStockReport]

Anybody going?

HOUSTON, TX -- (MARKET WIRE) -- 11/19/10 -- Anadarko Petroleum Corporation (NYSE: APC) today announced that Sr. Vice President, Worldwide Operations Chuck Meloy will present at the Jefferies 2010 Global Energy Conference in Houston on Wednesday, Dec. 1, 2010 at 9:30 a.m. Central. A link to the webcast presentation will be available at www.anadarko.com. The replay and slide presentation also will be available on the company's Web site for approximately 30 days following the event.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2009, the company had approximately 2.3 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

[OilStockReport]

Anadarko Petroleum is one of the world’s largest independent oil and gas exploration and production companies. The majority of the company’s total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company’s production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas.

Anadarko Petroleum is rated a BUY and is expected to rally 7.4% over the next twelve months to nearly $60. Today the stock is influenced by an annual pivot at $47.01, which is an action price at which to add to long positions or to cover a short position. Volatility can be mind-boggling with quarterly value level at $23.27 and semiannual risky level at $53.33

[OilStockReport]

Very interesting development. Thanks for the post!