Anadarko Retains Oil & Gas Journal Property Exchange for South Louisiana Property Divestment.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Dec. 21, 2001 The Oil & Gas Journal Property Exchange announced today that Anadarko Petroleum Corporation Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. (NYSE NYSE See: New York Stock Exchange :APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ) has retained its services to evaluate and market certain assets in South Louisiana. The assets include interests in the Bastian Bay, Coquille co·quille n. A scallop-shaped dish or a scallop shell in which various seafood dishes are browned and served. [French, from Latin conch Bay and Delta Duck Club fields in Plaquemines Parish; the Bayou Long Field in Iberia and St. Martin St. Martin in midwinter, gave his cloak to a freezing beggar. [Christian Hagiog.: Brewer Dictionary] See : Kindness parishes; the West Lake Verret Field also in St. Martin Parish; the Four League Bay and Lake Hatch fields in Terrebonne Parish; the Kings Bayou Field in Cameron Parish; and the Maurice Field in Vermilion vermilion, vivid red pigment of durable quality. It is a chemical compound of mercury and sulfur and is known as red sulfide of mercury; it was formerly obtained by grinding pure cinnabar but is now commonly prepared synthetically. and Lafayette parishes. Anadarko operates 29 of the 37 currently producing wells. Anadarko's net production in November 2001 was approximately 211 barrels of oil per day and 6 million cubic feet of gas per day. In addition to Proved Producing reserves, all other reserve categories have value. Anadarko said these are non-core, non-strategic assets that will be sold as part of an ongoing program to upgrade its growth portfolio and improve overall shareholder returns. Anadarko is offering to sell these assets effective Jan. 1, 2002, through a negotiated sale. The data room will open Jan. 7, 2002. For further information, contact W.O. Theis, Jr. at 281/876-2244 or check Oil & Gas Journal Property Exchange's Web site for regular status updates at www.ogjpropertyexchange.com. About Oil & Gas Journal Exchange Oil & Gas Journal Property Exchange, formerly Madison Energy Advisors, is part of PennEnergy's Oil & Gas Journal Exchange, a Houston-based e-commerce and e-media portal for the global oil and gas market. The Property Exchange is recognized as the most comprehensive online service for the upstream petroleum industry. It offers a full complement of advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , and the greatest breadth and depth of acquisition and divestiture services in the market. Oil & Gas Journal Exchange also includes Oil & Gas Journal Equipment Exchange and the e-media site Oil & Gas Journal Online. The Equipment Exchange links buyers and sellers of surplus and used oil and gas industry and power generation industry equipment on a global scale. Oil & Gas Journal Online is the industry's preeminent online daily news and technology service. |
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