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Anadarko gains foothold in the Powder River Basin

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Wyoming’s Powder River Basin is arguably the hottest emerging horizontal play in the US, and Anadarko Petroleum wants in on the action. The company spent $76 million during 3Q18 on acquisitions in the play, where it has now built a position exceeding 300,000 net acres at a cost of less than $2,500/acre. Investor relations VP Robin Fielder told analysts in early November that the PRB was “quickly coming into focus as a third leg to our onshore stool, due......
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