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Anadarko has successfully used M&A to increase its exposure to high margin oil. It now boasts an unconventional portfolio, centred around two high quality tight oil assets, the Wolfcamp (Delaware Basin) and the Niobrara (DJ Basin), and a strong domestic/international deepwater production and exploration business. Proceeds from asset sales have strengthened the balance sheet, and we have confidence the company can achieve a peer leading production CAGR of 9% over the next three years. But the longer term growth outlook is less strong. We view its target of 1 million boe/d by 2021 as aggressive and, under our base-case, production begins to decline post-2024.
The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.
This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.
This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.
Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.
Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Company report | Jul 2017
Anadarko corporate report
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