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Headquarters: Website: http://www.anadarko.com Anadarko is one of the largest independent oil and gas exploration and production companies in the world. The Company's major areas of operation are located onshore in the United States, the deepwater of the Gulf of Mexico and Algeria. Anadarko also has production in China and a development project in Brazil and is executing strategic exploration programs in several other countries. The Company actively markets natural gas, oil and natural gas liquids (NGLs) and owns and operates gas gathering and processing systems. In addition, the Company has hard minerals properties that contribute operating income 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 strip running through portions of Colorado, Wyoming and Utah where the Company owns most of its fee mineral rights. In 2010, the company reported revenues of $10.9 billion, up from $9.0 billion in 2009. The company had a net loss of $821 million in 2010. Full-year 2010 sales volumes of natural gas, crude oil and natural gas liquids (NGLs) totaled a record 235 million barrels of oil equivalent (BOE), or 643,000 BOE per day. Anadarko added 359 million BOE of proved reserves in 2010. Anadarko’s product mix of proved reserves was made up of approximately 56 percent natural gas and 44 percent liquids. The company announced oil and natural gas discoveries this year offshore in Ghana and Mozambique. History The company was named Anadarko in 1959, a subsidiary of Panhandle Eastern Pipe Line Company. The word Anadarko comes from "nadarko" - a centuries-old American Indian word signifying "those who ate the honey of the bumble-bee. On August 10, 2006, Anadarko completed the acquisition of Kerr-McGee Corporation (Kerr-McGee) in an all-cash transaction totaling $16.5 billion plus the assumption of approximately $2.6 billion in debt. On August 23, 2006, Anadarko completed the acquisition of Western Gas Resources, Inc. (Western) in an all-cash transaction totaling $4.8 billion plus the assumption of $625 million in debt. Western Gas Partners was spun off in an IPO in 2008. Benefits Medical Insurance Updated February 14, 2011 |