US independent Anadarko Petroleum is reportedly looking to sell and has received bids for its assets in the Atlantic Rim area of south-western Wyoming.
The offer includes all of The Woodlands-based company's operated coalbed methane assets; a 50% interest in midstream gathering, compression and pipeline asset; and mineral rights in the deeper formations prospective for Niobrara oil.
The offer was made public in Tuesday's second-quarter earnings release of US player Warren Resources, which owns the other 50% of the midstream asset Anadarko is putting up for sale. The two companies signed a joint agreement in 2002 to explore the Washakie basin of southern Wyoming.
Warren said it was waiting to hear from Anadarko on the results of the bids before making a decision "regarding exercising (Warren's) preferential rights to purchase an interest in Anadarko's CBM assets, their share of the midstream assets and deep mineral rights".
Anadarko said in its own second-quarter earnings release that it had taken a non-cash hit of $978 million "primarily related to the impairment of coalbed methane properties as a result of low natural gas prices".
Anadarko did not immediately respond to a request for comment.