Anadarko’s Big Marcellus Growth in Past 4 Years
Anadarko, one of the largest independent oil and natural gas E&P (exploration and production) companies in the world, issued an update yesterday for it’s onshore drilling. Among Anadarko’s onshore drilling locations is the Marcellus Shale, which has shown a dramatic increase in production over the past several years.
Anadarko’s full update is included below. The main point of the update is to crow that they’ve now passed the 100,000 barrels of oil equivalent per day for onshore production (a great milestone to be sure). The interesting thing (to MDN) are the charts that go with the update, which we’ve embedded below. The Marcellus chart shows Anadarko’s massive increase in production from virtually nothing in 2009 to more than 300 million cubic feet feet per day in 2012.
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In a purely political move, the Town of Onondaga, NY (Syracuse suburb) voted last night to permanently ban hydraulic fracturing—even though a) the Syracuse watershed area, which Onondaga is part of, is expressly off limits for drilling in the DEC’s draft drilling rules, and b) such a permanent ban may not be legal (two similar cases are on appeal in NY courts).