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Anadarko reports $1.25 billion loss in 4Q

Anadarko reports $1.25 billion loss in 4Q

Anadarko Petroleum posted a loss of $1.25 billion in the fourth quarter. The Texas-based company plans to slash nearly half of its budget next year as it weathers plunging oil prices. For the year, Anadarko posted losses of $6.69 billion, or $13.18 per share. Anadarko CEO Al Walker said the company’s decision not to expand drilling programs in 2015 paid ...

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Weld County’s top oil, gas exploration companies reporting increased fourth-quarter production

Oil and gas drilling rig operating in Colorado's Denver-Julesburg Basin. (Image courtesy of Ecana Corp.)

Weld County’s two largest oil and gas drillers have updated their production levels for the last few months of the year, noting increased drilling efficiencies without spending more money. Both Anadarko Petroleum and Noble Energy — which together account for most of Weld’s production — this month have issued updates to production reports for the fourth quarter, as crews have ...

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Anadarko unveils its Central Oil Stabilization Facility in northern Colorado

Daunting. That’s the only way to describe the massive facility Anadarko Petroleum plans to open in December. Billed as its latest and greatest weapon in the war against fugitive emissions, an effort to reduce its environmental footprint, the Central Oil Stabilization Facility is lauded as Anadarko’s latest technological advance, plopped on top of 67 acres in south-central Weld County. The ...

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Anadarko cuts spending in Colorado’s Wattenberg Field

GREELEY, Colo. — Anadarko Petroleum has cut its spending in Colorado’s Wattenberg Field by about half since the beginning of the year because of the slump in the oil and gas industry. The Texas-based company reported a $2.2 billion loss for the third quarter on Wednesday. The Greeley Tribune reports that its spending in the Wattenberg Field went from $574 ...

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