May 2016, Vol. 243, No. 5

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Anadarko to Raise Cash with More Asset Sales

The third largest gas producer in the US, Anadarko Petroleum Corp, is reportedly planning to sell assets in three states as it seeks to raise $3 billion amid setbacks stemming from depressed oil prices. The Woodlands-based energy company hopes to raise between $300 million and $600 millionfor each batch of assets it seeks to sell in Wyoming, Texas and Louisiana, according to unnamed sources cited by wire agencies. There has been no confirmation from Anadarko the media, and for now buyers have not been solidified. The Anadarko assets in question here are reportedly those in the Carthage area of East Texas, Haynesville Basin of Louisiana and Wamsutter field in Wyoming. Earlier this week, A

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