Anadarko Petroleum $APC Falls 4% After More Losses & Cutting Budget

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ThePitBoss
Participant

$APC reaffirmed the guidance for the deepwater Gulf of Mexico (GOM), DJ and Delaware basin assets.

In the deepwater GOM, $APC expects avg. production rates to approach 130,000 barrels of oil per day (BOPD) for full-year 2017.

In the Delaware and DJ basins, $APC is on track to deliver a combined projected exit rate of about 150,000 BOPD in 2017.