Anadarko’s Natural Gas Portfolio Shines, But Downturn in Oil Market Dents 4Q Results

摘要

Natural gas proved a bright spot in Anadarko Petroleum Corp.’s fourth quarter results as the super independent missed Wall Street estimates by a wide margin on the rapid deterioration late last year in liq- uids prices. Gas, oil and natural gas liquids (NGL) sales volumes were within guidance in the fnal three months, averaging about 701,000 boe/d from 637,000 boe/d a year earlier. However, higher volumes were ofset by lower NGL prices and a 19% increase in expenses, as more funds were poured into the Permian Basin’s Delaware formation in West Texas and in northeastern Colorado’s Denver-Julesburg (DJ) Basin.