Thursday, March 20, 2008

Anadarko Wins Major Bid...

Anadarko Petroleum Corp. (APC). The Houston, TX-based energy company said late Wednesday it was the apparent high bidder on 20 deepwater tracts in the Central and Eastern Gulf of Mexico oil and gas lease sales 206 and 224, representing an expenditure of $143 million.

With the addition of the new blocks, Anadarko said it will have access to 633 blocks covering 3.5 million gross acres in the deepwater Gulf of Mexico.

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