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Anadarko gains foothold in the Powder River Basin
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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