Claire Poole is a senior writer based in Houston covering energy and utilities. In her time at The Deal, Poole has written stories analyzing the how and why of energy deals and speculating on upcoming activity. She has also conducted insightful interviews with leading energy dealmakers and is often the first to reveal groundbreaking energy news. Before joining The Deal in 2000, Poole worked as a reporter and staff writer at Forbes, was editor-in-chief of El Financiero International and Mexico Business and was a contributing editor at Latin Trade. She also contributed articles to Money, Worth, Businessweek and Texas Monthly.
The divestiture is part of the company's drive to become a fully regulated utility and reduce business risks.
The company has a relatively young, high-spec rig fleet and 50 years' experience drilling shallow-to-ultra-deepwater wells for explorers and producers, particularly internationally.
Analysts say the deal came at a good price for Anadarko and will expand it in the Gulf of Mexico and generate free cash flow for onshore development.
U.S. energy stocks were among the market's biggest losers.
The new find is full of low priced natural gas, is lacking infrastructure to get it to market and needs further proving up to determine its worth, observers say.
The deal is the latest in what's become an industry-wide land grab for acreage in the area
The deal will help balance out the buyer's oil-heavy portfolio with more gas and extend its 10% to 12% annual dividend growth target through 2024.
The east Asian island nation ranks as the top expat destination for its quality of life and healthcare affordability.
Comments by the oilfield service giant led analysts to revise their earnings estimates downward but some still think it's a buy.
The new directors all have experience leading large publicly traded companies, which Corvex Management had criticized Williams for lacking.
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