HOUSTON, Dec. 13, 2017 /PRNewswire/ -- Anadarko
Petroleum Corporation (NYSE: APC) today announced its wholly owned
subsidiary, DBM Oil Services, LLC (DBMOS), is holding a binding
open season to identify interest in a new high-vapor-pressure
oil-gathering and treating system serving portions of Reeves, Loving, Ward,
and Winkler Counties in
West Texas. The DBMOS system is
expected to have a gathering capacity of approximately 400,000
barrels of oil per day (BOPD) and a treating capacity of 120,000
BOPD by the end of 2018, increasing to 180,000 BOPD in 2019 with
future expansions as needed.
Subject to satisfaction of regulatory requirements and other
project considerations, DBMOS expects the initial phase of the
system to be operational in the second quarter of 2018.
The binding open season begins today and ends at 5 p.m. Central time on Dec. 28, 2017, unless extended pursuant to the
terms of the open season notice. Interested shippers may contact
Jake Hendricks, Commercial
Development Representative, via email at
jake.hendricks@anadarko.com or via phone at (432) 247-7157.
http://photos.prnewswire.com/prnh/20141103/156201LOGO
Anadarko Petroleum Corporation's mission is to deliver a
competitive and sustainable rate of return to shareholders by
exploring for, acquiring and developing oil and natural gas
resources vital to the world's health and welfare. As of year-end
2016, the company had approximately 1.72 billion barrels-equivalent
of proved reserves, making it one of the world's largest
independent exploration and production companies. For more
information about Anadarko and APC Flash Feed updates, please visit
www.anadarko.com.
This news release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Anadarko
believes that its expectations are based on reasonable assumptions.
No assurance, however, can be given that such expectations will
prove to have been correct. A number of factors could cause actual
results to differ materially from the projections, anticipated
results or other expectations expressed in this news release,
including Anadarko's ability to successfully satisfy
regulatory requirements, meet the project in-service dates, and
achieve the capacity rates identified in this news release. See
"Risk Factors" in the company's 2016 Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and other public filings and press
releases. Anadarko undertakes no obligation to publicly update or
revise any forward-looking statements.
Anadarko Contacts
INVESTORS:
Robin
Fielder, robin.fielder@anadarko.com, 832.636.1462
Andy Taylor,
andy.taylor@anadarko.com, 832.636.3089
MEDIA:
John
Christiansen, john.christiansen@anadarko.com,
832.636.8736
Stephanie Moreland,
stephanie.moreland@anadarko.com, 832.636.2912
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SOURCE Anadarko Petroleum Corporation