US independent Anadarko Petroleum expects to spend between $4.5 billion and $4.7 billion in 2017 and plans to devote about 80% of that to its US onshore portfolio.
Anadarko expects the spending spree to result in a sharp increase in production from its core oil plays in the Delaware sub-basin of the Permian and the Denver-Julesberg basin in Colorado.
The company expects to exit the year producing about 50,000 barrels per day of oil in the Delaware - an increase of 80% - and about 100,000 bpd in the DJ basin, an increase of 30% over 2016.
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