Anadarko Petroleum Reports 2012 Q2 Results

Anadarko Petroleum Corp. (NYSE:APC) reported a 2012 Q2 net loss of $380 million or $0.76 per share (diluted).

As quoted in the press release:

Delphi’s three extended reach horizontal wells and existing vertical well tests have efficiently evaluated eight sections of land and with competitor drilling activity all around the Company’s 18 gross (14.75 net) sections, the remaining 30 net Montney horizontal locations identified at Bigstone East have been largely de-risked.

Click here to read the Anadarko Petroleum Corporation (NYSE:APC) press release.