M&A Deal Summary

Anadarko Petroleum Acquires Access Northeast Energy

On August 12, 2004, Anadarko Petroleum acquired oil/gas exploration company Access Northeast Energy

Acquisition Highlights
  • This is Anadarko Petroleum’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Anadarko Petroleum’s 3rd transaction in Canada.
  • This is Anadarko Petroleum’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2004-08-12
Target Access Northeast Energy
Sector Oil/Gas Exploration
Buyer(s) Anadarko Petroleum
Deal Type Add-on Acquisition

Target

Access Northeast Energy

Halifax, Nova Scotia, Canada
Access Northeast Energy Inc. develops and operates liquefied natural gas (LNG) terminals at Bear Head in Nova Scotia, Canada.

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Buyer(S) 1

Buyer

Anadarko Petroleum

The Woodlands, Texas, United States
Category Company
Founded 1959
Sector Oil/Gas Exploration
Employees5,800
Revenue 12.9B USD (2018)
DESCRIPTION
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.

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.

DEAL STATS #
Overall 6 of 11
Sector (Oil/Gas Exploration) 5 of 10
Type (Add-on Acquisition) 5 of 7
State (Nova Scotia) 1 of 1
Country (Canada) 3 of 3
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-09 Hess Corp Llano Field

Llano, Texas, United States

The Llano Field is located 20 miles southwest of the Amerada Hess operated Baldpate compliant tower production facility, on Garden Banks Blocks 385 and 386 in the Gulf of Mexico.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-10 Kerr-McGee

The Woodlands, Texas, United States

Kerr-McGee's largest property concentrations are in the deepwater Gulf of Mexico and onshore in the Rockies. Gulf of Mexico properties include 504 deepwater blocks encompassing seven operated and three non-operated producing fields, five operated and three non-operated discoveries in various stages of development, and four additional prospects that should be drilled this year.

Buy $16.4B
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