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On the Record · Anadarko Petroleum

Anadarko Petroleum acquisitions, on the record

The businesses Anadarko Petroleum bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
oil and natural-gas assets in the Gulf of Mexico (GOM Acquisition)
Word for word“In December 2016, the Company closed the GOM Acquisition for approximately $1.8 billion using net proceeds from the September 2016 issuance of 40.5 million shares of its common stock.” 10-K for 2016
acquisition—approximately $1.8 billion
Springfield Pipeline LLC interest sold to WES
Word for word“The Company closed approximately $4 billion of monetizations in 2016, including asset divestitures in the U.S. onshore, the sale of Anadarko’s interest in Springfield Pipeline LLC to WES, the sale of a portion of the Company’s common units in WGP to the public, and the Company’s conveyance of a limited-term nonparticipating royalty interest in certain of its coal and trona leases to a third party.” 10-K for 2016
divestiture——
oil and natural-gas assets sold to a third party (January 2017 agreement)
Word for word“In January 2017, Anadarko entered into an agreement to sell its oil and natural-gas assets to a third-party; the midstream assets owned by WES were excluded from the agreement.” 10-K for 2016
agreed divestitureJanuary 2017—
Nuevo Midstream, LLC (renamed DBM), acquired by WES
Word for word“In November 2014, WES acquired Nuevo Midstream, LLC (Nuevo), which owns and operates gathering and processing assets located in the Delaware basin in West Texas, for $1.6 billion, including $30 million of cash acquired.” 10-K for 2016
acquisitionNovember 2014$1.6 billion, including $30 million of cash acquired
nonoperated interest in Alaska
Word for word“Subsequent to year end, the Company divested its nonoperated interest in Alaska for net proceeds of $383 million .” 10-K for 2017
divestitureSubsequent to year end$383 million
third party's 50% nonoperated interest in the DBJV System
Word for word“On March 17, 2017, WES acquired a third party’s 50% nonoperated interest in the DBJV System in exchange for WES’s 33.75% interest in nonoperated Marcellus midstream assets and $155 million in cash.” 10-K for 2017
acquisitionOn March 17, 2017—
U.S. onshore assets, primarily in South Texas, Southeast Texas, Pennsylvania, Wyoming, and Utah
Word for word“The Company received net proceeds of approximately $4.0 billion from divestitures of certain U.S. onshore assets during 2017.” 10-K for 2017
divestitureDuring 2017—
substantially all of its midstream assets not owned by WES
Word for word“At the end of 2018, the Company announced the planned contribution and sale of substantially all of its midstream assets not owned by WES, which are largely associated with Anadarko's two premier U.S. onshore oil plays in the Delaware and DJ basins, to WES for approximately $4.0 billion, with approximately $2.0 billion of cash proceeds and the balance to be paid in WES common units.” 10-K for 2018
agreed divestiture—approximately $4.0 billion
WES
Word for word“Under the terms of the WES Merger, WGP will acquire all of the outstanding publicly held common units of WES and substantially all of the WES common units owned by Anadarko, including the Class C units that will be converted into WES common units immediately prior to the transaction, in a unit-for-unit, tax-free exchange.” 10-K for 2018
agreed acquisition——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$1.74 billion
2017-12-31−$25 million
2018-12-31$0

Deal filings since 2016

Read from Anadarko Petroleum’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-14. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.