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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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Synergy Resources names new CEO

Longtime oil and gas leader Lynn Peterson has been tapped to lead Platteville-based Synergy Resources Corp. He will take the place of co-CEOs Ed Holloway and William Scaff, who will remain with the company on the board of directors, according to a new release issued Monday. Peterson, who is the co-founder of the former Kodiak Oil and Gas Corp. which ...

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Gas processing plant opens, provides more capacity to move natural gas

DCP Midstream this year has significantly increased capacity for natural gas processing northeast of Greeley. For many, it couldn’t have happened fast enough. Oil and gas exploration company executives have lamented high line pressures in the Wattenberg Field — which lies in the heart of Greeley and Weld County — for a couple years. Natural gas gathering lines are buried ...

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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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Anadarko gears up for horizontal drilling in Fort Lupton

FORT LUPTON — Oil and gas activity may be trailing off throughout the country, but officials at Anadarko Petroleum are gearing up to make their southern Weld County acreage more active than it has been in five years. Officials from the Fort Lupton city, along with economic development folks and energy industry advocates, celebrated Anadarko — one of the top ...

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On the road to progress — Oil and gas industry relations with public growing better

Amid a crowd of business owners, Windsor residents and town staff, proponents and opponents of oil and gas activity in the region jockeyed to influence Windsor’s future during a comprehensive plan meeting last May. Town staff tried to ease the tension between oil and gas representatives and community organizations, but their best efforts were in vain. Some residents, many of ...

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Energy Pipeline: Field Worker Profile — Therese DeBenedette

Name: Therese DeBenedette Hometown: Boulder Where do you live? Arvada Company: Anadarko Petroleum Corporation How long have you been working in northeastern Colorado? Since August 2013 (1.5 years) What is your job title and duties? I am an engineering technologist, which basically means I organize, merge and analyze data and provide tools for engineers, operators and management to better manage ...

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