- Anadarko Petroleum (NYSE:APC) raises its Q4 oil sales volume guidance and announces extensions to the maturity dates of its credit facilities.
- APC increases the midpoint of its guidance by more than 15K bbl/day to 314K-319K bbl/day, as production increases are driven by its core oil-producing areas in the Wattenberg field and the Delaware Basin; the outperformance is the primary contributor to a 2M boe increase in its total Q4 sales volume guidance to 70M-72M boe.
- APC says its Heidelberg development in the Gulf of Mexico is well ahead of schedule and now expects to achieve first oil in Q1 2016.
- APC also says it extended the maturity of its $3B unsecured revolving credit facility to January 2021 and received commitments to renew its $2B 364-day credit facility upon its expiration in January 2016 to a new maturity in 2017.