July 26, 2017

Anadarko to reactivate 3,000 vertical wells

Anadarko Petroleum Corp. will restart 3,000 vertical wells that it shut down in mid-April after an explosion in Firestone.

The Denver Post reports that the Texas-based energy company will reactivate the wells in the second half of the year. The April explosion killed two men and injured a woman.

Anadarko estimated that the shutdown — taken to inspect the wells for safety — cost about 13,000 net barrels of oil per day.

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Anadarko lost $415 million in the second quarter, reflecting lower oil prices and lost production from the Firestone explosion.

Anadarko Petroleum Corp. will restart 3,000 vertical wells that it shut down in mid-April after an explosion in Firestone.

The Denver Post reports that the Texas-based energy company will reactivate the wells in the second half of the year. The April explosion killed two men and injured a woman.

Anadarko estimated that the shutdown — taken to inspect the wells for safety — cost about 13,000 net barrels of oil per day.

Anadarko lost $415 million in the second quarter, reflecting lower oil prices and lost production from the Firestone explosion.

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