ANADARKO'S BOLD SPLASH

摘要

To speed up production in the high-margin Delaware and D-J, Anadarko Petroleum Corp. reels in big cash flow from the Gulf of Mexico. Anadarko Petroleum Corp. is well known for its skill in managing the various assets in its global oil and natural gas portfolio. Normally, it's a challenging task to appropriately allocate scarce resources to various regions competing for capital. But what if a new opportunity arises that in itself offers a funding solution? Such was the case with Anadarko's $2-billion acquisition of assets in the deepwater Gulf of Mexico (GoM) from Freeport-McMoRan Oil & Gas. The purchase would require significant external funding-courtesy of J.P. Morgan Chase & Co.-but free cash flow from the assets being acquired will enable Anadarko to accelerate activity in its key, higher-margin Delaware and Denver-Julesburg (D-J) basins.