News & EventsOne of Wyoming's largest oil companies just sold. Now what? « Back to Search Results
With a $33 billion cash and stock deal, Chevron’s planned acquisition of Anadarko Petroleum will create a new super major oil firm, with uncertain impacts in Wyoming, where Anadarko represents one of the largest players in the state’s oil and gas business.
The combined company’s first blush news was heavy on excitement for the Permian Basin — a prolific play in West Texas and New Mexico where both Anadarko and Chevron have a presence. Chevron will buy Anadarko as well as divest between $15 and $20 billion in assets in the next few years in order to reduce debt and reward shareholders, the company announced.