Anadarko Petroleum Corp (APC)

Anadarko Petroleum is one of the biggest global natural gas and oil companies. Their head office is based in Woodlands, Texas. Anadarko is engaged in gas and oil production and exploration. It gathers, processes, and transports crude oil, natural gas, natural gas liquids.

The company employs almost 5,000 specialists.

Business profile

Operating a large portfolio of natural resources, Anadarko reaches out to every world region. The business operations, spread across the US, account for almost 90% of total sales. The major holdings are based in Rocky Mountains (Greater Green River Basin, Powder River Basin, Greater Natural Buttes, Laramie County, Wattenberg Gas Field), Southern and Appalachian Region (Marcellus Shale, East Texas, Austin Chalk, Delaware Basin), Alaska North Slope, and the Gulf of Mexico.

The international operations are located in Algeria, Ghana, Mozambique, Colombia, New Zealand, Kenya, Brazil, and the Ivory Coast.

Milestones

1959 – Anadarko was founded as a Panhandle Eastern Corporation subsidiary.

1986 – Panhandle Eastern Corporation distributed the Anadarko shares between the company’s shareholders.

1999 – Anadarko bought a tract right in the Woodlands, Texas, and started building its headquarters there.

2000 – Anadarko purchased Union Pacific Resources for $4.4 billion.

2001 – Anadarko purchased Berkeley Petroleum Corporation.

2006 – Anadarko purchased Western Gas Resources.     

2007 – Anadarko sold its interest in West Texas.

2012 – Anadarko announced a natural gas offshore location in Mozambique.

Business segments

Set up in 2005, The Midstream Group handles the company’s midstream business unit. The Group specialises in the following services: gathering, compression, treating and dehydration, processing, and gas purchasing.

Western Gas Partners is a limited partnership that owns and manages midstream energy assets.

Sustainable development

The company makes a point to reduce the negative impact that may arise from their production facilities. Tankless battery in Colorado is one of the examples. The list goes on to include:

Garnet blasting media recycling. The company uses garnet to replace sand in all blasting activities.

Impact mitigation. Anadarko does its best to eliminate or reduce the negative impact of its operations. It installs sound walls, limits non-essential production operations, introduces dust control systems, etc.

Water Management. The company has a special water management team that polishes and improves water management practices.

Vehicle safety. Anadarko has its own corporate guidelines and policies that introduce a set of rules on how to provide safety when operating vehicles.

Listing information

Anadarko Petroleum shares are traded on the New York Stock Exchange (NYSE). The company’s stock constitutes the S&P 500 market index.

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