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Tag Archives: Anadarko Petroleum Corp.

Weld County sees more oilfield theft

hands in handcuffs

Between pricey equipment and the valuable fuel it churns up, oilfield are home to millions—if not billions—of dollars in assets. Like anything of value, the machinery is prone to theft. According to the Greeley Tribune, more than $250,000 disappeared from a Weld County rig last week. Along with machinery, laptops containing valuable data are a common target of theft, which ...

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Utica Shale: Weak vs. Strong is coming

Chris Doyle, the executive vice president of operations for Chesapeake Energy Corp., believes that over the next few years it will be clear who the weak and strong are in the Utica shale. Doyle’s experience in the Utica Shale started back in 2011 while managing the Appalachian division of Anadarko Petroleum Corp. At the time, the company had acquired about ...

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Oil company CEOs likely to avoid big hit to compensation – for now

BOSTON- These are nervous times at the top of North America’s oil companies. Executives are trying to cope with the plunge in oil prices and are slashing costs as they watch earnings and revenue drop. Their own compensation, though, may not yet be on the chopping block. According to compensation consultants and some investors, the mostly generous packages executives were receiving ...

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Erie strikes down fracking ban

Oil and gas companies Anadarko Petroleum Corp. and Encana Corp. are now free to seek operation permits in the city of Erie, according to a Denver Business Journal report. The city’s board of trustees struck down an oil and gas moratorium on Tuesday. Mayor Trina Harris encouraged further negotiation between the city’s staff and the corporations regarding new Memorandums of ...

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Anadarko gives positive spin to spar decommission (video)

Spars—the supporting structure for offshore drilling rigs—are expensive to build and utilized for many years. But what happens when it’s time to decommission one? These spars provide unique ecological environments and fishing zones in the Gulf of Mexico, and now Anadarko Petroleum Corp. has successfully placed its Red Hawk cell spar off the coast of Louisiana. But the company put ...

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Three arrested in $1.5M Eagle Ford theft scheme

handcuffs

Federal authorities have placed three South Texas men under arrest for stealing oil worth an estimated $1.5 million from two companies in the Eagle Ford Shale. According to United States Attorney Robert Pitman, a federal grand jury indicted Victor Manuel Guerra Jr., Juan Martin Bernal, and Carlos Samuel Pena on several counts of theft of oil from an interstate shipment, ...

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Anadarko pushes progress in East Texas, Eagle Ford

jacks

Anadarko Petroleum Corp. is staking new claims in East Texas with plans to drill over 500 new wells across the region. Teaming up with KKR & Co., this is a major expansion for the company in a region where they were once highly productive. Bloomberg news reported that KKR is in it for the long-run for developing new production sites ...

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Anadarko-affiliated partnership purchases Nuevo Midstream

Pipeline

Western Gas Partners, formed by Anadarko Petroleum Corp., is paying $1.5 billion for the Houston, Texas-based midstream company, Nuevo Midstream. Nuevo Midstream focuses on gathering, processing and transporting oil and gas from the Permian Basin. The assets of the company include a processing plant, a treatment facility, four compression stations and a 275-mile gas gathering system.  The company also has ...

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