Anadarko focused on highest-returning projects in Delaware, DJ, and deepwater amid low oil prices.
We’re slightly modifying our near-term outlook for oil prices, given the increased likelihood that OPEC will extend production cuts at its November meeting to the end of 2018. In our base case, we now expect the cartel and its partners will agree to continue withholding 1.8 million barrels, or mmbbls, per day of oil throughout 2018, despite the threat of surging U.S. production and the potential loss of share. However, the effectiveness of the cuts depends on the level of compliance. Our forecas...Anadarko Petroleum is an independent exploration and production company. The company also participates in the hard-minerals business through royalty arrangements. The company's reporting segments are as follows: Exploration and Production, which is engaged in the exploration, development, production, and sale of oil, natural gas, and natural-gas liquids (NGLs) and in advancing its Mozambique liquefied natural gas project toward final investment decision; and WES Midstream and Other Midstream, in which these two segments engage in gathering, processing, treating, and transporting the company and third-party oil, natural-gas, and NGL production as well as gathering and disposal of produced water.
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