Anadarko Announces Update For U.S. Onshore Operations

Anadarko Petroleum Corporation (NYSE:APC) has released an update on its U.S. onshore activities, announcing that four of its core operating areas recently surpassed the gross processed production milestone of 100,000 barrels of oil equivalent (BOE) per day.

As quoted in press release:

Surpassing the milestone of 100,000 BOE per day in four of our core U.S. onshore operating areas demonstrates the quality, capabilities and increasing scale of Anadarko’s portfolio. Our ability to continue driving production growth in a very capital-efficient manner supports our confidence in the portfolio’s ability to deliver full-year sales volumes within guidance (265 to 267 million BOE) on the strength of U.S. oil and natural gas production, which is expected to offset our decision to reject ethane in certain fields. Finally, we expect to deliver these results while improving our direct oil and gas operating costs by an additional 15 cents per BOE in the fourth-quarter to a new range of $3.90 to $4.00 per BOE.

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