Anadarko Petroleum Corp. (NYSE: APC) and Jones Energy Inc. (NYSE: JONE) sit at opposite ends of the A&D spectrum, both with thoughts of doing deals.
The two diverge, of course, in scale and cash. But like all E&Ps, they enter 2017 with the shared risk of a crawling recovery in an ever-turbulent business.
Anadarko finds itself in the catbird seat with production likely to hit 1 million barrels of oil equivalent per day (boe/d) within five years—including 600,000 barrels per day (bbl/d) of oil. Much of that growth will come from the Permian.
And, unlike Jones, it has plenty of money. Anadarko’s deal making in 2016 scattered the board with the company’s unwanted pieces.
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Source: Daily Dose of ShaleDirectories.com News