Anadarko, UPR to merge in $4.43 billion deal

Click here to enlarge imageAnadarko Petroleum Corp., Houston, signed a definitive agreement to merge with Union Pacific Resources Group Inc., Fort Worth, in an all-stock transaction valued at about $4.43 billion. The merger will create one of the world's largest independent exploration and production companies, as measured by combined reserves, production, and drilling activities, the firms say (see table).The new company is to retain the Anadarko name and will be headquartered in Houston. At the close of the deal-which is slated for July, pending regulatory and shareholder approval-UPR will become a wholly owned subsidiary of Anadarko.The stock-for-stock deal-approved unanimously b...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected