Anadarko plans to invest $950M in D-J Basin during 2018

WOODLANDS, Texas  — Anadarko Petroleum Corp. (NYSE: APC) on Thursday said it expects to make capital investments in the range of $4.2 billion to $4.6 billion, including $950 million in the Denver-Julesburg Basin of northeast Colorado.

Woodlands, Texas-based Anadarko, an oil and natural-gas producer with an office in Evans, plans to average five operated rigs and three completions crews in the basin, where it has more than 2 billion BOE of net resources within its development area. BOE stands for barrel of oil equivalent,  a unit of energy based on the approximate energy released by burning one…