Anadarko Petroleum (APC) - Eagle Ford Shale 2012

By Tim - http://oilshalegas.com

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.

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Anadarko Petroleum (APC) - Niobrara Shale - Codell - Watternberg Field

By Tim - http://oilshalegas.com

Anadarko Petroleum (APC) provided an oil & natural gas drilling update on the Niobrara Shale located in Colorado & Wyoming.

In November 2011, Anadarko updated the resource potential of its horizontal Niobrara and Codell opportunities in the liquids-rich Wattenberg field of northeastern Colorado. Based upon the results of this horizontal drilling program, the company announced a net resource potential within the Wattenberg field of 500 million to 1.5 billion BOE, with significant additional potential outside the field boundaries. Anadarko is currently operating five horizontal rigs in the Wattenberg field and two additional horizontal rigs that are evaluating liquids-rich opportunities in Wyoming's Powder River Basin. To enhance the strategic alignment of its upstream and midstream assets in Colorado, Anadarko acquired the Wattenberg Plant in March 2011. This acquisition, combined with Western Gas Partners, LP's (WES) acquisition of the Platte Valley Plant and WES's ownership of the Fort Lupton Plant, along with other midstream assets, is enabling continued growth and value-enhancing opportunities within the Wattenberg field and greater DJ Basin.

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Anadarko Petroleum (APC): Niobrara Shale update

By Andrea: http://oilshalegas.com

Anadarko Petroleum (APC) recently announced their plans for new wells in the Niobrara shale for 3Q 2010. The company described the Niobrara shale as "another emerging area". The oil-focused play is located in Northeastern Colorado and Southeaster Wyoming. Anadarko plans to drill 6 to 10 operated wells beginning in the third quarter of 2010, now that they have gleaned important information in their greater than 500,000 gross acreage position from prior farm-outs. Much of the acreage is in the land grant where they hold the mineral rights and perpetuity. Anadarko has been shooting seismic and acquiring leases that have given them a commanding acreage position that is incremental to their 550,000 acre position in the Wattenberg gield, where they have been producing in the Niobrara formation for many years.

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Centre County, PA - Marcellus Shale

By Andrea: http://oilshalegas.com

Anadarko Petroleum Corp. (APC) recently released an update on the Marcellus shale in Centre County, PA:

At the end of the 2nd quarter, Anadarko was operating five rigs and participating in an additional 15 non-operated rigs. The company spud 13 operated wells and completed three wells during the quarter. Record gross production of almost 140 MMcf/d from 35 wells was achieved. Currently, more than 100 wells have been drilled and are awaiting either completion or connection to the gathering systems. The company completed and is currently testing its first well of the far-western area in Centre County, Pa. The well flowed to sales with a peak 24-hour test rate of 7.8 MMcf/d with approximately 4,000 PSI flowing tubing pressure.

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Anadarko Petroleum (APC): Avalon Shale update

By Andrea: http://oilshalegas.com

Anadarko Petroleum Corp. (APC) is currently testing Avalon shale to see if the formation is profitable: Robert Daniels, Senior VP states: "On the Avalon, what we've done so far is in the Bone Spring itself. And we have looked at the Avalon which does seem to have some characteristics that would make it attractive to test. And so we do have some plans to go out and test the Avalon shale and see what sort of producibility it may have, what kind of recoveries we would get, what type of hydrocarbon. We do plan to drill two wells in there right now. We have 170,000 acres out in the West Texas area that would be prospective for the Bone Spring and Avalon Shale. So we would be testing it and see what we get out of it."

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Marcellus Shale: Anadarko APC Marcellus Shale Update

Anadarko Petroleum ( APC ) came out with earnings 2/2/09 and reported an update on the Marcellus Shale:

In 2008, Anadarko’s U.S. onshore exploration program continued to show positive results in
the Marcellus, Haynesville and Maverick Basin shale plays. The company completed its first Marcellus Shale horizontal well, testing approximately 4.5 million cubic feet of natural gas per day. A second horizontal test is currently being completed with two additional tests in various stages of drilling.

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CNBC: Carl Icahn Buys Anadarko ( APC ) & Biogen ( BIIB )

CNBC is reporting that Carl Icahn increased his position in Biogen Idec ( BIIB ) and added to Anadarko Petroleum ( APC ). I'm pretty sure he also added Yahoo ( YHOO ).

Carl Icahn sold most of Time Warner holdings but has around 1.7 million shares left.

Anadarko Petroleum ( APC ) has 625,000 acres in the Marcellus Shale play as well as a position in the Haynesville shale in their East Texas area.