Anadarko Petroleum Mergers and Acquisitions Summary

Oil/gas Exploration Company

Anadarko Petroleum has acquired 11 companies of its own, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 10 assets.

Anadarko Petroleum’s largest acquisition to date was in 2006, when it acquired Kerr-McGee for $16.4B. It’s largest disclosed sale occurred in 2018, when it sold Western Gas Partners to Western Midstream Partners for $4.0B. Anadarko Petroleum has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (91%) and energy services and equipment (10%).

Join Mergr and gain access to Anadarko Petroleum’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity11
    • M&A Sell Activity10
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 13
  • M&A Advisors 5

Anadarko Petroleum Corp.

1201 Lake Robbins Drive,
The Woodlands, Texas 77380
United States,
(832) 636-1000
www.anadarko.com

Anadarko Petroleum Corp. is an independent oil and natural gas exploration and production company. Anadarko Petroleum was formed in 1959 and is based in The Woodlands, Texas.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 10 1 - - - - 11
vol $22.8B $2.0B $24.8B
Sell (0.6/yr) # 7 1 - 1 1 - 10
vol $5.7B $750M $4.0B $10.5B
  21

Most Recent M&A

Company Date Value Type
Mozambique LNG 2019-09-30 - Stake Purchase
Maputo, Mozambique · www.mzlng.com
Western Gas Partners LP 2018-11-08 4.0B USD Divestiture
The Woodlands, Texas · www.westerngas.com
Freeport-Mcmoran Gulf Of Mexico Assets 2016-09-12 2.0B USD Divestiture
, United States
Springfield Pipeline LLC 2016-02-24 750M USD Divestiture
Houston, Texas
Bear Head LNG Corp. 2014-08-27 11M USD Divestiture
Richmond County, Nova Scotia
Red Desert Complex 2012-01-17 483M USD Divestiture
, Wyoming
Wattenberg Processing Plant 2011-03-22 - Stake Purchase
, Colorado
The Lucius oil field 2009-01-01 - Stake Purchase
, United States
Anadarko Chaney Dell and Midkiff -Benedum Gas 2007-06-04 1.9B USD Divestiture
The Woodlands, , Texas
Anadarko Petroleum Corp. - Africa Assets 2007-05-21 350M USD Divestiture
, South Africa
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 10 (91%) 24.6B (99%) 9 (90%) 10.5B (100%)
Energy Services and Equipment 1 (9%) 225M (1%) - -
Utilities - - 1 (10%) 11M (< 1%)
Total 11 $24.8B 10 $10.5B

By Geo

State/Country Buy Value Sell Value
United States 8 23.7B 7 10.1B
  Texas 4 16.9B 3 6.6B
  Colorado 2 4.8B - -
  Wyoming - - 1 483M
  Louisiana - - 1 1.6B
Canada 3 1.1B 1 11M
  Alberta 2 1.1B - -
  Nova Scotia 1 - 1 11M
Mozambique - - 1 -
South Africa - - 1 350M
Domestic 8 (73%) 23.7B (95%) 7 (70%) 10.1B (97%)
Cross-border 3 (27%) 1.1B (5%) 3 (30%) 361M (3%)
Total 11 $24.8B 10 $10.5B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Jefferies LLC
1
Goldman Sachs Investment Banking Division
1
Legal Deals
Latham & Watkins
1
Vinson & Elkins LLP
1

Deal Values

buy # Total
> $1B 4 $24.2B
$100M to $1B 3 $618M
TOTAL $24.8B
Largest Kerr-McGee Corp.
$16.4B (2006-08-10)
sell # Total
> $1B 4 $8.5B
$100M to $1B 4 $2.0B
< $100M 1 $11M
TOTAL $10.5B
Largest Western Gas Partners LP
$4.0B (2018-11-08)

M&A Connections

Deals %
Acquired from
PE Firm(s)
25%
1 25%
Strategic(s)
75%
3 75%
Divested to
Strategic(s)
100%
10 100%

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