Anadarko Petroleum Corp. (NYSE: APC) has retained The Oil and Gas Asset Clearinghouse to sell its interest in 271,000 net acres in Louisiana through a negotiated transaction.
Anadarko holds 100% working interest and an average net revenue interest of 78% in 283,000 gross (271,000 net) acres in Avoyelles, West Feliciana, Point Coupee and St Landry parishes.
The acreage has more than 400 drilling locations targeting proven Austin Chalk reserves and upside in the Tuscaloosa Marine shale and the Wilcox formation. Lease terms in the acreage range from three to five years and most have extensions.
The electronic data room opens April 25 and bids are due by May 16. For additional information, contact Pat DaPra, manager, negotiated transactions at The Oil and Gas Asset Clearinghouse, at 281-873-4600.
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