Assessing Anadarko’s Permian acreage: what is the prize Chevron and Oxy are competing for?

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Why buy this report?

In this report, we’ve been studying maps, reading logs and scrutinising our decline curve models.

Purchase our report to:

  • Go deep into the geology of the Permian to understand why Anadarko’s Permian acreage is in high demand
  • Identify how the eventual buyer might improve on Anadarko’s performance and compare how the bids stack up against eachother
  • Access detailed subsurface maps and benchmarking charts.

An Oxy-Anadarko combination would place the expanded Occidental just below the energy majors on a new ‘super-independent’ tier with ConocoPhillips

Zoe Sutherland, Corporate Analyst, quoted by the Houston Chronicle

In April 2019, Chevron Corporation and Occidental Petroleum both made bids to acquire Anadarko Petroleum Corporation. It sends a message to the rest of the Permian: Being big doesn’t mean you don’t want to get bigger. But what makes Anadarko's position so attractive? In this map-based Insight we examine the sub-surface characteristics of the primary and secondary targets across Anadarko's footprint. How thick is the Wolfcamp? Will the Bone Spring provide upside? And what might the eventual buyer do to improve on Anadarko's performance.

Table of Contents

  • Assets in high demand, for good reason

  • Chevron and Oxy and Anadarko’s Delaware footprints and activity

  • Operational prowess – how do these companies stack up?

  • Anadarko tracks below its offsets

  • Anadarko’s average lateral length is nearly 30% less than Chevron or Oxy

  •  Anadarko drilled single HBP wells – that will change

  • Over 2,000 ft of hydrocarbon bearing reservoir

  • Primary resource: Wolfcamp A

  • Secondary resource: Wolfcamp B

  • Secondary resource: Bone Spring

  • Subsurface Takeaways

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