It's been more than a year now since Anadarko Petroleum
Production in the quarter increased to 574,000 barrels of oil equivalent (BOE) per day, up by 46% after adjusting for asset sales. That's the sort of ferocious growth only a large acquisition can provide. Top-line results soared 83% higher, thanks in part to the company's natural-gas hedges, which added nearly a dollar to price realizations. Year to date, those hedges are a wash, but that's the whole point, really. Anadarko needs relatively stable prices to work off its large debt load.
OK, so Anadarko's flows are all pumped up, but at what cost? I'm glad you asked.
As I noted in my recent piece on Apache's
A major development since the end of the quarter was the timely start-up of Independence Hub, the world's deepest offshore production platform and largest natural-gas-processing facility. Enterprise Products Partners
Related Foolishness:
Fool contributor Toby Shute doesn't own shares in any company mentioned. Cimarex is an Inside Value recommendation. Enterprise Products Partners is an Income Investor recommendation. The Motley Fool has a ferocious disclosure policy.