Anadarko Petroleum is an independent exploration and production company. Co. has three segments: oil and gas exploration and production, which explores for and produces natural gas, crude oil, condensate, and natural gas liquids (NGLs); midstream, which engages in gathering, processing, treating, and transporting Co. and third-party oil, natural-gas, and NGLs production; and marketing, which sells much of its production, as well as third-party purchased volumes. At Dec 31 2012, Co.'s proved reserves consisted of 2.56 billion barrels of oil equivalent, of which 8.33 trillion cubic feet were natural gas, 767.00 billion barrels were oil and condensate and 405.0 million barrels were NGLs.
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Fri, Apr 11, 3:10 PM, Zacks Risk-Reward Balanced at Devon Energy - Analyst Blog Devon is set to benefit from its increasing acreage in Eagle Ford Shale, sale of non-core assets and strategic ventures with international players. However, fierce competition in the oil and gas space could impact profitability.
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