"Words can't express the sadness we feel for the families who've lost loved ones, homes, businesses, property, livestock and other belongings in the devastating floods that occurred last month throughout northeastern
To aid in the continuing recovery of affected families in the region, Anadarko contributed
Anadarko operates more than 5,800 wells, 2,500 storage tank facilities and 3,200 miles of pipeline in the Greater Wattenberg area. In preparation for and during the flooding, the company shut in approximately 675 operated vertical wells. Largely as a result of the company's strict adherence to environmental standards, safety guidelines and facility construction requirements, the vast majority of Anadarko's locations remained intact and there were no environmental impacts associated with its drilling or hydraulic fracturing activities.
Due to the damaged roads, bridges, rail and other issues that impact the ability to move heavy equipment such as rigs and compression units, the company is experiencing disruptions to its drilling, completions and construction activities in the area, which will result in temporary delays to its expansion of capacity in the field. These delays are expected to reduce the company's total estimated full-year sales volumes by approximately 2.5 million barrels of oil equivalent (BOE). Nonetheless, the company anticipates its total annual sales volumes to still be within the previously provided guidance range of 281 to 287 million BOE.
"The Wattenberg Horizontal program is one of our most important areas of operation. As conditions improve, we expect to safely accelerate activity in the field to enable its tremendous production growth to continue. This includes plans to drill 350 to 400 new horizontal wells in 2014, as well as to complete infrastructure expansions throughout the field," added Walker.