HOUSTON, May 2 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC)
today announced results from one of its field extension wells in the Bossier
Sand Play. Natural gas volumes from the Blair A-3 well, which began flowing
April 28, are currently selling at a rate of 51.5 million cubic feet per day
at 4,500 psi flowing casing pressure.
The company's natural gas production from the Bossier Play in East Texas
has increased to more than 195 million cubic feet per day (gross). Anadarko
is making modifications to its Dew Gathering System to accommodate this
significant rise in production.
The Blair A-3 well, located in the Dew Field of Freestone County, Texas,
was spudded on March 6 and reached total depth of 12,885 feet on April 13.
Perforation and fracture stimulation operations commenced on April 26. The
company has an 82.5% working interest in the well, with El Paso Production
Company owning the remaining 17.5%.
Anadarko has 21 rigs in operation throughout its East Texas Bossier Play.
For more information about Anadarko's worldwide operations, visit the
company's web site at http://www.anadarko.com.
Except for historical information, all other information in this
presentation consists of forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially from those projected, anticipated or implied.
The most significant of these risks and uncertainties are described in
Anadarko's SEC filings and reports and exhibits to those reports, and include
(but are not limited to) the costs and difficulties related to the integration
of acquired businesses, commodity pricing and demand, exploration and
operating risks, development risks, and the costs and other effects of
governmental regulation and legal and administrative proceedings. Anadarko
undertakes no obligation to publicly update or revise any forward-looking
statements.
SOURCE Anadarko Petroleum Corporation
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http://www.anadarko.com
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Company News On-Call:
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800-758-5804, ext. 038950
CONTACT:
analysts and investors, A. Paul Taylor, Jr.,
281-874-3471, or media, Tony Canino, 281-873-3855, both of
Anadarko Petroleum Corporation
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