anadarko petroleum

US shale gas map
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Nearly three dozen Wyoming landowners are suing Occidental Petroleum Corporation and its recently acquired company Anadarko Petroleum Corporation alleging they monopolized both the oil and gas market and the leasing rights in Laramie County. Occidental Petroleum acquired Anadarko this year in a deal valued at $55 billion and is in the process of finalizing the sale.

Stephanie Joyce

Legislators had lots of questions for oil company representatives at a special seminar convened Monday to discuss the recent oil price slide. Oil prices are down more than 60 percent since June. The State of Wyoming gets roughly 20 percent of its revenue from oil, so prices have been a hot topic in the halls of the Legislature.

Devon Energy representative Aaron Ketter said his company’s best-case scenario has oil prices rising in as little as 6 months. The worst-case scenario is for 24 months. But he cautioned, rising doesn’t mean returning to previous levels.