SOURCE: Industrial Info Resources

Industrial Info Resources

August 23, 2012 06:10 ET

Anadarko Plans Multibillion-Dollar Investment in Colorado Oil & Gas Field, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 23, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas) is planning a multi-year, multibillion-dollar grassroot investment in Colorado to increase production of oil and natural gas from the Wattenberg Field. This year, Anadarko will invest about $1 billion to produce oil and gas from the Wattenberg, and the company expects to continue that level of annual capital investment for several years, company spokesman Brian Cain told Industrial Info in an interview.

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