Anadarko Ramps Up Production at Independence Hub

Anadarko Petroleum says that production has been successfully ramped up to a gross rate of approximately 900 million cubic feet of natural gas per day (MMcf/d) at Independence Hub in the deepwater Gulf of Mexico.

"The repairs to the Independence Trail export pipeline system and subsequent testing were successful. As a result, we've been able to return production to pre-shut-in levels," Anadarko Chairman and CEO Jim Hackett said. "This is good news for Anadarko, our partners and U.S. consumers as nearly a billion cubic feet per day of natural gas (more than 10 percent of natural gas production from the Gulf of Mexico) is returning to the market. We commend Enterprise and others for working diligently to make the necessary repairs."

Production was shut-in April 8, after a leak was discovered on the flex-joint assembly of the Enterprise-owned Independence Trail export pipeline, which required the replacement of an o-ring gasket. The Hub was down for approximately four weeks longer than was accounted for in the guidance provided in Anadarko's first-quarter earnings release. Despite having approximately 0.45 billion cubic feet per day of net gas production shut-in during that time, the company continues to expect its full-year 2008 production guidance to be within the previously announced range of 207 million to 212 million barrels of oil equivalent.