Anadarko Oil Wells in Colorado Yield Big Results

Reuters reported that Anadarko Petroleum Corp. (NYSE:PC) has drilled few successful shale oil and gas wells in Northeastern Colorado.

As quoted in the market news:

Based on drilling results, Anadarko estimates its properties in the Niobrara and Codell formations in the Wattenberg Field have resource potential of 500 million to 1.5 billion barrels oil equivalent, the Houston company said in a news release.

Click here to read the full Reuters report.