Production
Sales volumes of natural gas, crude oil and natural gas liquids from continuing operations for 2007 totaled 211 million BOE (578,082 boepd).
Sales volumes of natural gas, crude oil and natural gas liquids from continuing operations for 2006 totaled 178 million BOE, up from 2005 volumes of 138 million BOE.
Reserves
Anadarko estimates its worldwide proved reserves at year-end 2007 totaled 2.43 billion BOE. In 2007, excluding the effect of divestitures, the company added approximately 250 million BOE of proved reserves and incurred costs in exploration and development activities of approximately $3.84 billion. Reserve additions were primarily driven by low-risk development activities and infill drilling in the Greater Natural Buttes area, Wattenberg field and Powder River Basin, as well as the previously announced Peregrino development offshore Brazil.
Anadarko's year-end 2007 proved reserves were balanced between natural gas (58%, or 8.50 trillion cubic feet) and liquids (42%, or 1.01 billion barrels), which include crude oil, condensate and natural gas liquids.
Anadarko added 1.04 billion BOE of proved reserves, excluding sales of reserves in place, primarily from acquisitions completed during 2006. Net of property sales, the company ended 2006 with a total of 3.0 billion BOE, up 23 percent from year-end 2005.
