Korea Makes Big Bet on US Shales

The rising interest of Asian oil companies in the U.S. shale boom continues with news that Korea National Oil Corp. has signed a $1.55 billion joint-venture agreement with Anadarko Petroleum Corp. for one-third of its Maverick Basin assets in southwest Texas for approximately $1.55 billion. “We are very pleased to welcome KNOC as our partner [...]

3:54 pm | Posted in Eagle Ford Shale,Shale Basins,Shale Gas,Shale Oil | Read More »

Anadarko Sees Mega-Projects, Shale Gas Driving Strong Growth

Anadarko Petroleum has set a 2010 capital pending plan of $5.3 billion to $5.6 billion, and expects an average annual production growth rate of 7% to 9% during the next four years. Production growth will be driven by development of the company’s shale gas holdings in the onshore US and several oil-weighted, deepwater “mega-projects” spread [...]

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5:30 pm | Posted in Eagle Ford Shale,Haynesville Shale,Marcellus Shale | Read More »

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