U.S. Markets open in 1 hr 36 mins

Anadarko says Shenandoah well encounters more than 1,000 net feet of oil pay

Anadarko Petroleum (APC) announced its Shenandoah-2 well in the deepwater Gulf of Mexico encountered more than 1,000 net feet of oil pay in multiple high-quality Lower Tertiary-aged reservoirs. Anadarko is the operator of the Shenandoah-2 well and the previously announced Shenandoah-1 discovery well, located in Walker Ridge block 52, with a 30% working interest. Other co-owners in Shenandoah are ConocoPhillips (COP) with a 30% working interest, Cobalt International Energy (CIE) with a 20% working interest, Venari Resources with a 10% working interest and Marathon Oil (MRO) with a 10% working interest.