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Tuesday, 02 December, 2008, 02:20 GMT | more >>

Anadarko eyes gas gathering spin-off



By Upstream staff 

Anadarko Petroleum has filed with US regulators to spin off some of its natural gas gathering assets through an initial public offering that could raise up to $452.8 million.

The company said it would offer about 18.8 million common units of a new subsidiary, Western Gas Partners, which would own six natural gas gathering systems, five natural gas treating facilities and one interstate pipeline.

Western Gas would operate as a master limited partnership.


Tuesday, 16 October, 2007, 09:04 GMT  | last updated: Tuesday, 16 October, 2007, 09:06 GMT

In the pipeline: Anadarko is planning to spin off some of its gas gathering assets
 

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