Texas-based Anadarko Petroleum made an announcement this week on a Mozambique offshore deal that will have a major impact on its shale drilling efforts in the United States.
The company made no mention of Utica shale. It has been a player in the Utica but it has gone inactive in Ohio.
Here is the statement:
HOUSTON, TX -- (Marketwired) --
"This transaction demonstrates our continuing ability to create substantial value through exploration and to again accelerate the value of our longer-dated projects through attractive monetizations and third-party capital," Anadarko Chairman, President and CEO
"As the operator of Area 1, we are very pleased to have reached this agreement with OVL, which values our pre-transaction interest at more than
The transaction is expected to close around the end of 2013, and is subject to existing preferential rights, governmental approvals and other customary closing conditions.
Area 1 is operated by Anadarko Moçambique Area 1 Limitada (a wholly owned indirect subsidiary of Anadarko) and is located in
Anadarko's partners in Area 1 include Mitsui E&P Mozambique Area 1, Limited (20 percent),
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
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Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
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