Anadarko Petroleum Corporation

Type	Public
Founded	1959
Headquarters	The Woodlands, Texas
Key people	James T. Hackett, President & CEO
Industry	Oil Production
Products	Petrochemical products
Revenue	▲$15.72 billion USD (2008)[1]
Net income	▲$3.29 billion USD (2008)[1]
Employees	4000 (2008)
Website	Anadarko.com

Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with approximately 2.3 billion barrels of oil equivalent (BOE) of proved reserves and production of 206 million BOE as of December 31, 2008. Anadarko employs a worldwide workforce of about 4,000.^[1] The company is headquartered in The Woodlands, unincorporated Montgomery County, Texas.^[2]

Contents 1 History 2 Activity 2.1 Other Productions 3 References 4 External links

[edit] History

Anadarko, historically a subsidiary of Panhandle Eastern Corporation (1928-1993; Panhandle Eastern has since been acquired by Southern Union Company), was formed in 1959 after the discovery of large amounts of natural gas in the Anadarko Basin (the basin comprises the Texas and Oklahoma panhandles, and southwest Kansas), thus the company's name. Anadarko spun off from Panhandle Eastern as an independent corporation in 1986 and now has activities in more than a dozen countries. The United States, deepwater Gulf of Mexico and Algeria represent the majority of the company's proved reserves and production; U.S. onshore accounts for about 60%.)^[3]

The Anadarko Tower in the Greenspoint district and in Houston was built in a two-year period prior to December 1992.^[4]

Anadarko Petroleum Corporation is now headquartered in the Anadarko tower in The Woodlands, Texas.^[5] On February 11, 1999 Anadarko announced that it would purchase a 7.5-acre tract in The Woodlands, Montgomery County from the Woodlands Land Company. There Anadarko planned to 800,000-square foot, 32 story headquarters building. Anadarko opened the headquarters in mid-2002.^[6]

[edit] Activity

Anadarko's major areas of operation are located onshore in the United States, the deepwater of the Gulf of Mexico and Algeria. Anadarko also has exploration and/or production in Alaska, China, Brazil, Ghana, Indonesia, Mozambique and several other countries. The Company actively markets natural gas, oil and natural gas liquids (NGLs) and owns and operates gas gathering and processing systems.^[1]

[edit] Other Productions

In addition, Anadarko engages in the hard minerals business through non-operated joint ventures and royalty arrangements in several coal, trona (natural soda ash) and industrial mineral mines located on lands within and adjacent to its Land Grant holdings. The Land Grant is an 8-million-acre (32,000 km²) strip running through portions of Colorado, Wyoming and Utah where the Company owns most of its fee mineral rights. Anadarko is committed to minimizing the environmental impact of exploration and production activities in its worldwide operations through programs such as enhanced oil recovery that prevents a greenhouse gas from being emitted into the atmosphere by utilizing carbon dioxide (CO2) to stimulate oil production and the reduction of surface area used for production facilities.^[1]

[edit] References

[edit] External links

• Official Homepage