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As of December 31, 2018, the company had approximately 1.473 billion barrels of oil equivalent (9.01 × 10 9 GJ) of proved reserves, 45% of which was oil reserves, 37% of which was natural gas, and 18% was natural gas liquids. In 2018, the company produced 666 thousand barrels of oil equivalent (4,070,000 GJ) per day.
In 2010, the U.S. Geological Survey estimated that the Anadarko Basin held 495 million barrels of oil. In 2019, IHS Markit estimated that unconventional reservoirs in unrisked technically recoverable resources of the basin account for 16 billion barrels.
Originally, Anadarko Petroleum owned 25% stake but in October 2011 this was transferred to BP as a part of a wider settlement between the companies. The prospect may have held 50 million barrels (7.9 × 10 ^ 6 m 3) producible reserves of oil. It is 41 miles (66 km) offshore [citation needed] and 130 miles (210 km) from New Orleans.
To help Foolish investors better understand the oil and gas boom in the United States, we are putting together a series of articles focusing on the major energy plays in the Lower 48. We'll need ...
Midstates Petroleum to Acquire Oil-Weighted Properties in the Western Anadarko Basin in Oklahoma and Texas Transaction Significantly Increases Scope, Scale and Upside Potential...
Source: Anadarko Petroleum Oil and gas major Anadarko Petroleum is one of the world's largest independent exploration and production companies, with approximately 2.79 billion barrels of oil ...
The Strategic Petroleum Reserve ( SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3 ). [1]
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Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.
The first well drilled by independent oil and natural gas producer. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...