ENP Newswire -
Release date- 16072014 -
'We continue to enhance our liquidity, monetize asset value, and improve our financial flexibility,' said
We also re-entered the bond market for the first time in four years, issuing$1.25 billion of 3.45-percent 10-year and 4.50-percent 30-year notes. In addition, we completed the first WGP secondary offering, selling 5.75 million common units held by Anadarko. Anadarko received cash proceeds of more than
'These steps reflect our commitment to maintaining financial flexibility and accelerating value through monetizations, as we continue to deliver differentiating value for our stakeholders from the tremendous opportunity set embedded in our portfolio,' added Gwin.
Among the expanding opportunities embedded in the portfolio is the company's substantial minerals-interest ownership, which includes its
'In total, oil and natural gas revenues from both operated and non-operated production, as well as third-party coal, soda ash and other hard minerals operations on Anadarko's fee-mineral acreage, resulted in approximately
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct.
A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including court approval of the settlement agreement related to the Tronox Adversary Proceeding and the payment of the settlement proceeds; Anadarko's ability to meet financial and operating guidance, achieve its production targets, including anticipated growth rates, and timely complete and commercially operate the projects and drilling prospects identified in this news release and factors affecting royalty interests.
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