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Anadarko's interesting investor

Well, well, well. Look who has bought a big stake in The Woodlands-based Anadarko Petroleum Corporation: Icahn Management LP, one of investor Carl Icahn's investment vehicles, has purchased about 3.1 million shares in Anadarko Petroleum Corp., according to a Reuters...

Bobby Maxwell rings the bell

This earlier post reported on the lawsuit by former Interior Department auditor-turned-whistleblower Bobby Maxwell against Kerr-McGee Corporation, a subsidiary of The Woodlands-based Anadarko Petroleum, for allegedly cheating the government out of millions of dollars in oil royalties on production that...

Anadarko's big deal

The Woodlands, Texas-based Anadarko Petroleum Corp. announced this morning (NY Times story here) that it has agreed to buy Kerr-McGee Corp. and Western Gas Resources Inc. in separate all-cash deals totaling $21.1 billion, plus the assumption of $2.2 billion in...

ConocoPhillips seals the deal

After word leaked out over the past weekend that ConocoPhillips was in serious discussions to buy the fellow Houston-based Burlington Resources, the companies finalized on Monday an even richer deal than was initially reported. ConocoPhillips ended up agreeing to increase...

Rita hammers offshore production facilities

This Financial Times article reports that preliminary assessments of the damage that Hurricane Rita caused to offshore oil and gas drilling and production facilities reflect that the damage is greater any other storm in history. Rita's path -- which was...

Houston-based Fortune 500 companies

Fortune magazine's annual list of the 500 largest U.S. publicly-owned companies has just been published, and the following 21 Houston-area companies made the list. The asterisk next to Anadarko's name notes that the company is based in The Woodlands, which...

Anadarko nears completion of asset sale

The Woodlands, Texas-based Anadarko Petroleum Corp. announced that it is selling a large number of its smaller oil and natural-gas properties in Texas and Oklahoma in return for $850 million and a stake in two Wyoming producing fields. Merit Energy...

Anadarko announces big asset sales

Houston-based Anadarko Petroleum Corp. announced plans today to sell its Gulf of Mexico shelf properties through two deals valued at a total of $1.31 billion. The deals are part of Anadarko's plan to refocus on exploration and other areas where...

Anadarko plans big asset sale

The Woodlands-based Anardarko Petroleum Corp. is one the largest energy producers in North America. Yesterday, the company announced that says it plans to sell oil and natural-gas properties valued at about $2.5 billion and redirect its focus to overseas efforts....

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