Anyone following Anadarko Petroleum
Anadarko posted 8% production growth from its retained properties, which doubles Apache's
Hedging hindered price realizations a bit, with natural gas fetching $6.17 per thousand cubic feet and oil sales at a bit over $78 a barrel. Discretionary cash flow was still a thunderous $1.87 billion, which tops the cash creation over at hard-charging Chesapeake Energy
In addition to ramping up operations in areas like Utah's Uinta Basin and Wyoming's Powder River Basin, Anadarko continues to find ways to unlock value in its asset portfolio. Recent highlights include a farm-out of Texas properties to TXCO Resources
Finally, Anadarko is also giving its midstream IPO another go. It'll be nice to see this distraction finally set aside, so Anadarko can focus on what it does best -- finding and producing hydrocarbons.
- Anadarko has a new service partner in the deepwater.
- This E&P is showing no signs of exhaustion.
- This other favorite is en fuego.