Anadarko Sees Growth in Eagle Ford, Marcellus in First-Quarter 2015, Expects Up to $5.7 Billion in Capex for Year
SUGAR LAND--May 6, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Anadarko Petroleum Corporation (NYSE:APC) (Houston, Texas) became the latest oil giant to take a hit from plunging crude-oil prices and an oversupply in the market, as the company's sales were more than halved and net losses deepened in the first quarter of 2015. Still, Anadarko is optimistic about its current and near-term performance, as it delivered record quarter sales volumes, slashed costs, and reported better-than-expected well performances, particularly in the Wattenberg Field and Eagle Ford Shale. Industrial Info is tracking more than $6 billion in active projects involving Anadarko.
Within this article: Details on Anadarko's quarter and projects, including the planned construction of an oil-shale mine and processing plant in Wyoming.
