Monday, February 20, 2012

Anadarko Petroleum (APC) - Eagle Ford Shale 2012

By Tim -

Anadarko Petroleum (APC) provided an oil & natural gas drilling update in the Eagle Ford Shale play located in South Texas.

Anadarko accelerated production growth in the liquids-rich Eagleford Shale during 2011, exiting the year with gross volumes of approximately 77,000 BOE per day in the play, with a liquids yield of more than 65 percent. The growth in this highly economic field was aided by the company's entry into a $1.6 billion joint venture and major expansions in midstream infrastructure, and strategic service agreements.