Canadian Natural Resources Ltd., Calgary, (Toronto, NYSE: CNQ) plans to acquire Anadarko Canada Corp., a subsidiary of Anadarko Petroleum Corp., The Woodlands, Texas, (NYSE: APC) for aggregate consideration of US$4.1 billion. Anadarko Canada's land and production base are in Western Canada with concentrated gas-weighted assets and a long reserve life. Current gross production is approximately 358 million cubic feet of gas and 9,300 barrels of oil and gas liquids per day. Proved reserves are 1.6 trillion cubic feet of gas and 48 million barrels of oil for a total 308 million barrels of oil equivalent. The assets also include approximately 1.5 million net undeveloped acres and facilities in Northeast British Columbia and Northwest Alberta.
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