UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended: March 31, 1996
Commission File Number: 1-8968
_____________________
ANADARKO PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 76-0146568
(State of incorporation) (I.R.S. Employer Iden-
tification No.)
17001 NORTHCHASE DRIVE, HOUSTON, TEXAS 77060
(Address of executive offices)
(713) 875-1101
(Registrant's telephone number)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
The number of shares outstanding of each of the registrant's classes of
common stock as of April 30, 1996 as shown below:
Number of Shares
Title of Class Outstanding
Common Stock, $0.10 par value 59,154,516
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PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
ANADARKO PETROLEUM CORPORATION
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)
Three Months Ended
March 31
thousands 1996 1995
Revenues
Gas sales $ 89,115 $ 58,532
Oil and condensate sales 30,872 30,953
Natural gas liquids and other 15,720 13,342
Total 135,707 102,827
Cost and Expenses
Operating expenses 26,533 27,454
Administrative and general 15,199 14,090
Depreciation, depletion and amortization 42,938 36,704
Other taxes 10,140 10,216
Total 94,810 88,464
Operating Income 40,897 14,363
Other Income and (Expenses)
Other income 198 59
Interest expense (9,502) (8,012)
Income before Income Taxes 31,593 6,410
Income Taxes 11,077 2,330
Net Income $ 20,516 $ 4,080
Per Common Share
Net income $ 0.35 $ 0.07
Dividends $ 0.075 $ 0.075
Average Number of Shares Outstanding 59,054 58,878
See accompanying notes to consolidated financial statements.
2
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Item 1. Financial Statements (continued)
ANADARKO PETROLEUM CORPORATION
CONSOLIDATED BALANCE SHEET
(Unaudited)
March 31, December 31,
thousands 1996 1995
ASSETS
Current Assets
Cash and cash equivalents $ 13,390 $ 17,090
Accounts receivable 142,277 127,943
Inventories, at average cost 16,549 14,859
Prepaid expenses 1,939 3,306
Total 174,155 163,198
Properties and Equipment
Original cost 3,784,771 3,717,672
Less accumulated depreciation, depletion
and amortization 1,671,750 1,628,922
Net properties and equipment - based on
the full cost method of accounting for
oil and gas properties 2,113,021 2,088,750
Deferred Charges 7,902 15,099
$2,295,078 $2,267,047
See accompanying notes to consolidated financial statements.
3
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Item 1. Financial Statements (continued)
ANADARKO PETROLEUM CORPORATION
CONSOLIDATED BALANCE SHEET (continued)
(Unaudited)
March 31, December 31,
thousands 1996 1995
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable
Trade and other $ 108,530 $ 153,502
Banks 14,315 12,849
Accrued expenses
Interest 8,570 10,729
Taxes and other 10,133 13,393
Total 141,548 190,473
Long-term Debt 720,578 674,008
Deferred Credits
Deferred income taxes 460,303 449,798
Other 44,686 43,074
Total 504,989 492,872
Stockholders' Equity
Common stock, par value $0.10
(200,000,000 shares authorized,
60,065,594 and 60,016,045 shares issued
as of March 31, 1996 and December 31, 1995,
respectively) 6,052 6,047
Preferred stock, par value $1.00
(2,000,000 shares authorized, no
shares issued as of March 31, 1996
and December 31, 1995) --- ---
Paid-in capital 307,250 304,125
Retained earnings (as of March 31, 1996,
$277,963,000 was not restricted as to the
payment of dividends) 672,540 656,455
Deferred compensation (2,379) (2,808)
Executive and directors benefit trust, at market
value (1,000,000 shares as of March 31, 1996
and December 31, 1995) (55,500) (54,125)
Total 927,963 909,694
$2,295,078 $2,267,047
See accompanying notes to consolidated financial statements.
4
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Item 1. Financial Statements (continued)
ANADARKO PETROLEUM CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)
Three Months Ended
March 31
thousands 1996 1995
Cash Flow from Operating Activities
Net income $20,516 $ 4,080
Adjustments to reconcile net income to net cash
from operating activities:
Depreciation, depletion and amortization 42,938 36,704
Amortization of restricted stock 429 387
Deferred income taxes 10,874 2,302
74,757 43,473
(Increase) decrease in accounts receivable (14,334) 26,666
Increase in inventories (1,690) (2,886)
Decrease in accounts payable - trade and other (44,972) (5,641)
Increase (decrease) in accrued expenses (5,419) 7,313
Other items - net 9,557 3,817
Net cash provided by operating activities 17,899 72,742
Cash Flow from Investing Activities
Additions to properties and equipment (68,431) (83,854)
Sales and retirements of properties and equipment 1,472 2,103
Net cash used in investing activities (66,959) (81,751)
Cash Flow from Financing Activities
Additions to debt 46,570 158,500
Retirements of debt --- (134,564)
Increase (decrease) in accounts payable, banks 1,466 (5,047)
Dividends paid (4,431) (4,417)
Issuance of common stock 1,755 1,146
Issuance of treasury stock --- 240
Purchase of treasury stock --- (240)
Net cash provided by financing activities 45,360 15,618
Net Increase (Decrease) in Cash and Cash Equivalents (3,700) 6,609
Cash and Cash Equivalents at Beginning of Period 17,090 6,530
Cash and Cash Equivalents at End of Period $13,390 $13,139
See accompanying notes to consolidated financial statements.
5
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Item 1. Financial Statements (continued)
ANADARKO PETROLEUM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
1. Summary of Accounting Policies Anadarko Petroleum Corporation is engaged in
the exploration, development, production and marketing of gas, oil and natural
gas liquids (NGLs). The terms "Anadarko" and "Company" refer to Anadarko
Petroleum Corporation and its subsidiaries. The principal subsidiaries of
Anadarko are Anadarko Gathering Company, Anadarko Trading Company and Anadarko
Algeria Corporation.
Certain amounts for prior years have been reclassified to conform to the
current presentation.
2. Inventories Inventories are stated at the lower of average cost or
market. NGLs and natural gas, when sold from inventory, are charged to
expense using the average-cost method. The major classes of inventories are
as follows:
March 31, December 31,
thousands 1996 1995
Materials and supplies $16,549 $13,969
Natural gas liquids, stored in inventory --- 412
Natural gas, stored in inventory --- 478
$16,549 $14,859
3. Properties and Equipment Oil and gas properties include costs of
$250,818,000 and $245,577,000 at March 31, 1996 and December 31, 1995,
respectively, which were excluded from capitalized costs being amortized.
These amounts represent costs associated with unevaluated properties and
major development projects.
4. Long-term Debt A summary of long-term debt follows:
March 31, December 31,
thousands 1996 1995
Notes Payable, Banks $182,700 $154,100
Commercial Paper 37,878 19,908
8 3/4% Notes due 1998 100,000 100,000
8 1/4% Notes due 2001 100,000 100,000
6 3/4% Notes due 2003 100,000 100,000
5 7/8% Notes due 2003 100,000 100,000
7 1/4% Debentures due 2025 100,000 100,000
$720,578 $674,008
The notes payable to banks and commercial paper have been classified as long-
term debt in accordance with Statement of Financial Accounting Standards
No. 6, "Classification of Short-term Obligations Expected to be Refinanced",
under the terms of Anadarko's Bank Credit Agreements.
6
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Item 1. Financial Statements (continued)
ANADARKO PETROLEUM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Unaudited)
5. Common Stock For the first quarter of 1996, dividends of seven and one-half
cents per share were paid to holders of common stock. Under the most
restrictive provisions of the various credit agreements, which limit the
payment of dividends by the Company, retained earnings of $277,963,000 and
$259,694,000 were not restricted as to the payment of dividends at March 31,
1996 and December 31, 1995, respectively.
6. Statement of Cash Flows Supplemental Information The amounts of cash paid
for interest (net of amounts capitalized) and income taxes are as follows:
Three Months Ended
March 31
thousands 1996 1995
Interest $ 11,043 $7,063
Income taxes $ 2,532 $1,025
7. Operating Expenses Operating expenses by category are as follows:
Three Months Ended
March 31
thousands 1996 1995
Oil and gas $15,123 $15,821
Plant, gathering and marketing 7,470 8,644
Gas purchases 3,585 2,705
Other 355 284
$26,533 $27,454
8. The information, as furnished, reflects all normal recurring adjustments
that are, in the opinion of management, necessary to a fair statement of
financial position as of March 31, 1996 and December 31, 1995, the results of
operations for the three months ended March 31, 1996 and 1995 and cash flows
for the three months ended March 31, 1996 and 1995.
7
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Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Overview of Operating Results
For the first quarter of 1996, Anadarko's net income was $20.5 million (35
cents per share) compared to net income of $4.1 million (seven cents per share)
for the first quarter of 1995. Revenues for the first quarter of 1996 were
$135.7 million compared to $102.8 million for the first quarter of 1995. The
increase in net income and revenues is due primarily to higher prices for
natural gas and crude oil and higher gas production volumes.
The following table shows the Company's volumes and prices for the three months
ended March 31, 1996 and 1995.
Three Months Ended
March 31 % Increase
1996 1995 (Decrease)
Natural gas, million cubic feet 43,738 41,320 6
Price per thousand cubic feet $ 1.96 $ 1.30 51
Crude oil and condensate,
thousand barrels 1,701 1,838 (7)
Price per barrel $ 17.64 $ 16.48 7
Natural gas liquids,
thousand barrels 988 1,014 (3)
Price per gallon $ 0.34 $ 0.31 10
See "Natural Gas Volumes, Prices and Markets" and "Crude Oil,
Condensate and Natural Gas Liquids Volumes and Prices".
Costs and expenses during the first quarter of 1996 were $94.8 million, an
increase of $6.3 million (seven percent) compared to $88.5 million for the
first quarter of 1995. The increase is due primarily to higher depreciation,
depletion and amortization (DD&A) expense related to the increase in
production volumes of natural gas, higher DD&A rates, an increase in product
sold from inventory and an increase in depreciation of general properties.
Interest expense for the first quarter of 1996 was $9.5 million, an increase of
19 percent compared to $8.0 million for the first quarter of 1995. The
increase was due primarily to increases in average outstanding borrowings and
interest rates, and lower amounts of capitalized interest.
Natural Gas Volumes, Prices and Markets During the first quarter of 1996,
Anadarko produced 43.7 billion cubic feet (Bcf) or 480 million cubic feet per
day (MMcf/d) of natural gas, up six percent compared to 41.3 Bcf or 459 MMcf/d
of gas in the first quarter of 1995. In addition to sales of Anadarko gas,
the Company, through its subsidiary, Anadarko Trading Company, marketed about
48 Bcf or 527 MMcf/d of third party gas during the first quarter of 1996
compared to 23 Bcf or 256 MMcf/d of third party gas during the same period
of 1995.
8
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Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations (continued)
Anadarko's average gas price during the first quarter of 1996 was $1.96 per
thousand cubic feet (Mcf), a 51 percent increase compared to $1.30 per Mcf in
the first quarter of 1995.
Crude Oil, Condensate and Natural Gas Liquids Volumes and Prices Anadarko's
crude oil and condensate production for the first quarter of 1996 was 1.7
million barrels (MMBbls), or 19 thousand barrels per day (MBbls/d), compared to
1.8 MMBbls, or 20 MBbls/d, in the first quarter of 1995. The volume decline
is due primarily to sales of producing properties in 1995.
Anadarko's average oil price was $17.64 per barrel in the first quarter of
1996, an increase of seven percent compared to $16.48 per barrel in the same
period in 1995.
Generally, the Company's oil and condensate production is sold on a monthly
basis as it is produced. Production of oil usually is not affected by
volatility in market prices.
Anadarko's natural gas liquids (NGLs) sales volumes were down three percent to
988 thousand barrels (MBbls) at an average price of 34 cents per gallon for the
first quarter 1996. This compares to 1,014 MBbls at an average price of 31
cents per gallon for the same period of 1995.
Use of Derivatives Anadarko uses derivative financial instruments to limit
exposure to changes in the market price of natural gas and crude oil for the
Company and to provide methods to fix the price for natural gas independently
of the physical purchase or sale. Derivative instruments also provide methods
to meet customer pricing requirements while achieving a price structure
consistent with the Company's overall pricing strategy. While financial
instruments are intended to reduce the Company's exposure to declines in the
market price of natural gas and crude oil, the financial instruments may also
limit Anadarko's gain from increases in the market price of natural gas and
crude oil. As a result, gains and losses on financial instruments are
generally offset by similar changes in the realized price of natural gas and
crude oil. Gains and losses are recognized in revenues for the periods to
which the financial instruments relate. Anadarko's financial instruments
currently are comprised of futures, swaps and options.
Capital Expenditures, Liquidity and Dividends
During the first quarter of 1996, Anadarko's capital spending (including
capitalized interest and overhead) was $68.4 million compared to $83.3 million
in the first quarter of 1995. Capital expenditures in both periods related
primarily to the Company's oil and gas exploration and development activities.
The Company believes cash flows, including proceeds from divestitures, and
existing available credit facilities will be sufficient to meet capital and
operating requirements during 1996. However, Anadarko may pursue other
financing options to reduce or stabilize interest costs.
9
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Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations (continued)
Anadarko's Board of Directors declared a quarterly dividend of seven and one-
half cents per share of common stock outstanding. The dividend is payable on
June 26, 1996 to stockholders of record on June 12, 1996. Under the most
restrictive provisions of the various credit agreements, which limit the
payment of dividends by the Company, retained earnings of $277,963,000 were
not restricted as to the payment of dividends at March 31, 1996. The amount
of future dividends for Anadarko will depend on earnings, financial condition,
capital requirements and other factors, and will be determined by the Directors
on a quarterly basis.
Exploration and Development Activities
During the first quarter of 1996, Anadarko participated in the drilling of a
total of 61 wells, including 32 oil wells, 13 gas wells and 16 dry holes. This
compares to a total of 81 wells in the first quarter of 1995, including 42 oil
wells, 27 gas wells and 12 dry holes.
International
Algeria In February 1996, Anadarko and partners announced test results from
the Hassi Berkine South (HBNS) No. 3 delineation well, drilled in Algeria's
Sahara Desert. The well flowed 17,682 barrels of oil per day (BOPD) and 19.8
MMcf/d of gas, through a 90/64-inch choke with flowing tubing pressure of 1,341
pounds per square inch (psi). The well flowed 42 degree API gravity oil with
no water, H2S or CO2.
The HBNS No. 3 well is located about five miles southwest of the HBNS No. 1B
discovery well. The HBNS No. 1B well flowed 16,000 BOPD and 17.8 MMcf/d of gas.
In April 1996, Anadarko and partners completed the HBNS No. 4, a field
delineation well that tested 14,504 BOPD and 18 MMcf/d of gas. The HBNS No. 4
is located about two miles northwest of the HBNS No. 1B discovery well.
On behalf of Anadarko and partners, SONATRACH has applied to the Algeria
Ministry of Energy for Provisional Exploitation Authorization (PEA) for Stage I
production from wells in the HBN and HBNS Fields. Under the plans in the PEA
application, Stage I production is expected to be about 40,000 BOPD (gross)
beginning in 1997, based on Anadarko's best current estimates.
The political unrest in Algeria has been the subject of numerous media reports.
Although the Company was encouraged by democratic elections held in 1995, the
Company is closely monitoring the situation and has taken reasonable and
prudent steps to ensure the safety of employees working in the remote regions
of the Sahara Desert. Anadarko is presently unable to predict with certainty
any effect the current situation may have on activity planned for 1996 and
beyond. However, the situation has not had any material effect on the
Company's operations.
10
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Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations (continued)
Indonesia In January 1996, results from the North Geragai No. 3 well were
announced. The well flowed 2,800 BOPD and 2.4 MMcf/d of gas. The North Geragai
No. 4 well was successfully completed; however, it was not tested. Correlative
pay in the No. 4 well was confirmed by log analysis.
In the North Betara Field, the partners announced results from the No. 2
delineation well in April. The well flowed 12 MMcf/d of gas and 200 barrels of
condensate per day (BCPD) through a one-inch choke. The gas content was
approximately 55 percent CO2, consistent with the results from the No. 1
discovery well. Additional seismic studies and further delineation drilling
will be conducted before commerciality can be determined.
United States - Offshore
Gulf of Mexico In January 1996, the East Cameron 157 #A-4 was successfully
recompleted, with the well flowing 12.2 MMcf/d of gas and 900 BCPD through a
5/16-inch choke. Anadarko owns a 100-percent working interest in this Field.
In March 1996, Anadarko and its partners announced their third subsalt
discovery in the Gulf of Mexico's subsalt play. The Agate No. 1 well, located
at Ship Shoal Block 361 tested from two separate zones in a single sand
formation, with the well flowing 4,126 BOPD and 24 MMcf/d of gas. Located
about six miles southwest of the Mahogany discovery, Agate is in about 400
feet of water. The close proximity of Agate to Mahogany creates some
development advantages for this discovery. If the Agate discovery is proven
commercial, the partners are considering producing Agate through the Mahogany
platform, scheduled for installation in the third quarter of 1996. Phillips
Petroleum Company (Phillips), the operator, and Anadarko each have a 50-
percent working interest in the Agate discovery.
Also in March 1996, Anadarko and partners announced the Alexandrite prospect,
drilled at Ship Shoal 337, encountered no commercial hydrocarbons and was
plugged and abandoned. The well was drilled to a total depth of 17,851 feet.
Anadarko and Phillips, the operator, each own a 37.5-percent working interest
in Alexandrite. Amoco Production Company (Amoco) owns a 25-percent working
interest.
In May 1996, Anadarko and partners announced successful results of the
Mahogany #4 exploratory/appraisal well in the Mahogany subsalt field in the
Gulf of Mexico. The well, located on Ship Shoal Block 359, encountered a
gross pay interval of more than 180 feet between depths of 14,976 feet and
15,158 feet. The well, drilled to a total depth of 19,094 feet, was not
tested. It will be temporarily abandoned and completed as a producing well
after installation of the platform this summer. The productive zone
encountered is the same zone tested in the 1993 discovery well, at rates of
more than 7,200 BOPD and 7 MMcf/d of gas. The well did not reach the deepest
exploratory targets due to drilling difficulties below the main field pay
zone.
11
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Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations (continued)
Gulf of Mexico (continued)
Anadarko and its partners will begin immediately drilling the next Mahogany
appraisal well and continue drilling operations until the end of June 1996.
At that time, the semi-submersible drilling rig will be moved off location to
make way for installation of the Mahogany platform and associated oil and gas
pipelines. After platform installation, the Company and its partners will
complete all previously drilled wells and resume development drilling using a
platform drilling rig. This is expected to substantially reduce drilling
costs and increase drilling efficiency. First production from the field is
scheduled for December 1996.
Phillips is operator of the field and has a 37.5-percent working interest.
Anadarko holds a 37.5-percent working interest and Amoco has a 25-percent
working interest.
Lease Sale On April 24, 1996, Anadarko was apparent high bidder on five of
seven blocks at the Offshore Lease Sale #157 held in New Orleans, Louisiana.
The sale was conducted by the Minerals Management Service for leases in the
central Gulf of Mexico. If all leases are awarded, Anadarko's total
expenditure will be $3.5 million (net) to the Company.
United States - Onshore
Southwest Kansas In Stevens County, Kansas, the Morris I #1H, a Hugoton
infill development well, was completed flowing 930 thousand cubic feet per
day (Mcf/d) of gas. Another infill development well, the Williams M #1-H,
located in Morton County, Kansas, tested 1.0 MMcf/d of gas. The Company has
a 100-percent working interest in both wells.
From the Adamson Field, located in Seward County, Kansas, the Wettstein A #3-10
tested at 4 MMcf/d of gas and 6 BCPD. Anadarko owns a 100-percent working
interest in this well.
The Lambert "B" #1 produced 156 BOPD and 50 Mcf/d of gas in the Churchman Bible
Field, located in Stevens County, Kansas. Anadarko owns an 80.9-percent
working interest in this well.
From the Eubank Field in Haskell County, Kansas, three wells were completed in
the first quarter of 1996. The Ray C #2 flowed 80 BOPD and 2 MMcf/d of gas.
The Owens "A" #4 produced 70 BOPD and 720 Mcf/d of gas. The southwestern
College A #2 produced 210 BOPD. Anadarko owns a 100-percent working interest
in all three wells.
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Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations (continued)
Golden Trend Oklahoma The Janovy "B" 1-33, located in the southwest Antioch
Field, was completed, flowing 181 BOPD and 519 Mcf/d of gas. The well is
located in Garvin County, Oklahoma and Anadarko owns a 100-percent working
interest.
Permian Basin West Texas The Ketchum Mountain Field, located in Irion County,
Texas, is a primary area of focus for the Company's development drilling
activities. In the first quarter of 1996, 11 wells were put on production in
the Ketchum Mountain Field with combined production rates of 646 BOPD.
Anadarko owns a 100-percent working interest in the wells.
Acquisition of Gas Gathering Facility In March 1996, Anadarko closed on the
second of two acquisitions announced in October 1994 from Panhandle Eastern
Corporation (now PanEnergy Corp.). Combined, the acquisitions triple
Anadarko's gathering capability to 480 MMcf/d.
The Panhandle Eastern Pipe Line (PEPL) gathering assets serve primarily Seward,
Stevens and Morton Counties, Kansas and Texas County, Oklahoma. The
acquisition includes approximately 1,150 miles of pipeline and serves nearly
1,000 Anadarko-operated wells and 200 third-party wells. The purchase also
includes 16 compressor stations and about 75,000 horsepower of compression.
The new system currently moves more than 228 MMcf/d of gas, with about 75
percent coming from Anadarko-operated wells.
In October 1994, Anadarko took over operation of the Cimarron River System
(CRS). The CRS and PEPL gathering assets, along with Anadarko's existing
Hugoton facilities, will be combined and operated as the Hugoton Gathering
System (HGS).
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Part II. OTHER INFORMATION
Item 1. Legal Proceedings
Heritage Resources, Inc. Litigation Pursuant to an order of the 162nd
Judicial District Court for Dallas County, Texas, dated January 29, 1988,
requiring all owners of interests in certain properties in Winkler County,
Texas, to be joined as parties Plaintiff or parties Defendant, Anadarko has
entered, as a party Plaintiff with certain other parties, a suit initially
filed against Heritage Resources, Inc. (Heritage) by Tribal Drilling Company.
The Plaintiffs, among other things, seek to have Heritage removed as operator
of a well in which Plaintiffs own interests. The Defendants have asserted
counterclaims against Anadarko and other Plaintiffs alleging that, among other
things, the assertions of the Plaintiffs are frivolous and were made in bad
faith and the Plaintiffs breached the joint operating agreements. In a
companion case tried in Winkler County, Texas, to which Anadarko is not a
party, a jury found in favor of certain of the defendants in the Dallas
litigation and against some co-working interest owners and Plaintiffs involved
in the Dallas litigation. The issues involved in this companion case were
virtually identical to those pending in the Dallas County case.
An appeal has been taken from the Winkler County judgment and oral arguments
were heard at the El Paso Court of Appeals in November 1995. The judgment,
even if the appeal is unsuccessful, is not binding on Anadarko because
Anadarko was not a party to the Winkler County lawsuit. The trial is now
scheduled to begin on June 10, 1996. While the outcome of the litigation
cannot be predicted, Anadarko's management believes that any recovery on the
counterclaims in a material amount is remote.
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Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibits not incorporated by reference to a prior filing are designated
by an asterisk (*) and are filed herewith; all exhibits not so designated
are incorporated herein by reference to a prior filing as indicated.
Exhibit Original Filed File
Number Description Exhibit Number
3(a) Restated Certificate of Incorporation 19(a)(i) to Form 10-Q 1-8968
of Anadarko Petroleum Corporation, for quarter ended
dated August 28, 1986 September 30, 1986
(b) By-laws of Anadarko Petroleum 19(a)(ii) to Form 10-Q 1-8968
Corporation, as amended for quarter ended
September 30, 1986
*10(a) Anadarko Petroleum Corporation 1993
Stock Incentive Plan Stock Option
Agreement
*10(b) Anadarko Petroleum Corporation 1993
Stock Incentive Plan Performance
Share Agreement
*27 Financial Data Schedule
(b) Reports on Form 8-K
There were no reports filed on Form 8-K for the three months ended
March 31, 1996.
15
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned duly authorized officer and principal financial officer.
ANADARKO PETROLEUM CORPORATION
(Registrant)
May 13, 1996 [MICHAEL E. ROSE]
Michael E. Rose - Senior Vice President,
Finance and Chief Financial Officer