Anadarko set to spend $1 billion in Colorado’s Weld County this year

By Mark Jaffe, The Denver Post 08/21/2012

Anadarko Petroleum Corp., which estimates its Colorado reserves at the equivalent 1.5 billion barrels of oil, is set to spent about $1 billion this year on its Weld County operations, a company spokesman said.

In the last five years Anadarko, which is based in The Woodlands, Texas, spent $1.5 billion in the county, said Robin Hervig, a company spokesman.

Anadarko is one of the biggest operators in the Niobrara formation, a region of oil-shale development that stretches from south of Denver to the Wyoming.

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