About Kerr-Mcgee Corp

Anadarko Petroleum has ventured beyond its original area of operation -- the Anadarko Basin -- to explore for, develop, produce, and market oil, natural gas, natural gas liquids, and related products worldwide. In 2013 the large independent company reported proved reserves (90% of which is located in the US) of 2.8 billion barrels of oil equivalent. Additional assets include coal, trona (natural soda ash), and other minerals. Anadarko operates a handful of gas-gathering systems in the Mid-Continent. Internationally, the company has substantial oil and gas interests in Algeria. It also has holdings in Brazil, China, Indonesia, Mozambique, and West Africa.

Geographic Reach

Anadarko's assets include US onshore resource plays in the Rocky Mountains area, the southern US, and the Appalachian basin. It is one the largest independent producers in the deepwater Gulf of Mexico, and has production and exploration activities worldwide, including high-potential basins located in Alaska, Algeria, Brazil, China, Côte d'Ivoire, Ghana, Kenya, Liberia, Mozambique, New Zealand, Sierra Leone, and other countries.

In 2013 the US accounted for 89% of Anadarko's total revenues.


The company is engaged in oil and gas exploration and production (including gas, crude oil, condensate, and NGLs); the midstream activities of gathering, processing, treating, and transporting oil, natural gas, and NGLs production; and the marketing of oil, natural gas, and NGLs in the US, and oil from Algeria, China, and Ghana.

Sales and Marketing

Anadarko sells crude oil and natural gas via a range of contractual agreements. At the end of 2013, Anadarko was contractually committed to deliver 950 billion cu. ft. of natural gas to various US customers through 2031.

Financial Performance

After experiencing slight drop in revenues in 2012 due to lower natural gas and NGLs prices, in 2013 Anadarko’s revenues grew by 9% due to higher natural gas sales volumes. Sales volumes for the Southern and Appalachia Region increased thanks to horizontal drilling and infrastructure expansions in the Eagle Ford and Marcellus shales, as well as new wells drilled in the liquids-rich East Texas/North Louisiana horizontal development. These increases were partially offset by lower sales volumes in the Gulf of Mexico primarily due to natural production declines. Rockies' sales volumes decreased due to a natural production decline in the Powder River basin, partially offset by higher sales volumes in the Wattenberg field due to a ramp up in horizontal drilling.

After experiencing strong net income growth in 2012 due to lower oil and gas operating expenses and lower taxes, in 2013 the company’s net income decreased by 66% due to higher oil and gas operating expenses (increased workovers in the Gulf of Mexico, Rockies, and Southern and Appalachia Regions; higher expenses in Algeria associated with the start of El Merk production in 2013; higher impairment cost due to reduction in estimated future net cash flows per barrel; and downward revisions of reserves for certain Gulf of Mexico properties that the Company no longer plans to develop; and tronox-related contingent loss).

Anadarko’s operating cash inflow in 2013 increased to $8.89 billion (from $8.34 billion in 2012) as the result of a change in the assets and liabilities due to cash generated from Algeria exceptional profits tax settlement and tronox-related contingent loss.


Anadarko explores in high-potential, proven, and emerging basins worldwide. Developing a portfolio of primarily unconventional resources provides the company with a stable base of capital-efficient, predictable, and repeatable development opportunities.

In 2014 the company agreed to pay the federal government $5.15 billion (the largest ever settlement for environmental contamination) to settle claims related to the cleanup of thousands of sites tainted with hazardous chemicals.

To raise cash to help it exploit its US shale assets (a growth segment), in 2014 the company agreed to sell its Chinese assets for $1.1 billion.

In 2013 Anadarko agreed to sell 10% of its property off the shores of Mozambique to Oil and Natural Gas Corp. Ltd. for $2.64 billion.

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Kerr-Mcgee Corp

1201 Lake Robbins Dr
Spring, TX 77380-1181
Phone: 1 (832) 636-1000


  • Employer Type: Public
  • Vp- Chemicals: Tom Adams
  • Senior Marketing Specialist: Renee Klages
  • President: Karl Kurz

Major Office Locations

  • Spring, TX

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