What is the Anadarko Basin?

The Anadarko Basin, extending more than 50,000 square miles across Oklahoma and Texas, is among the most prolific U.S. natural gas reserves.

Why is the western Anadarko Basin a good investment?

This has significantly enhanced the basin’s economic viability, even compared to the Permian and Delaware basins. Higher Commodity Prices – With oil prices holding above $70 per barrel and strong demand for natural gas and NGLs, the economics of drilling in the Western Anadarko Basin have become more attractive.

What is upland exploration doing in the Anadarko Basin?

Upland Exploration has been making significant investments in the Western Anadarko Basin, focusing on high-quality acreage and new drilling techniques to maximize production. The company has steadily increased its horizontal drilling activity, targeting formations such as the Cleveland and Tonkawa plays.

When was the Anadarko Basin drilled?

Beginning in the late 1950s, when technological advances allowed it, Anadarko Basin wells in Oklahoma began to be drilled more than two miles deep in search of natural gas. Dangerous, highly pressurized formations required state-of-the-art blowout preventers (see Ending Oil Gushers — BOP).

Who owns Anadarko Petroleum Corporation?

Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum.

Is the western Anadarko Basin a boom or Bust?

The Western Anadarko Basin in Oklahoma has long been a cornerstone of U.S. oil and gas development. Over the years, it has experienced multiple cycles of boom and bust, most notably during the shale revolution of the early 2000s.