The Minerals business unit manages the non-oil-and-natural gas mineral resources owned by Anadarko. The unit maximizes the value of equity investments through:
As an incentive to induce investors to build a transcontinental railway, The Pacific Railway Act of 1862 created the Union Pacific Railroad Company and granted the company fee and mineral interests along the corridor through which it passed. Subsequent amendments to the act granted "ten alternate sections per mile on each side of said railroad, on the line thereof, and within the limits of twenty miles on each side of said road ..."
Coal—discovered and developed along this land grant corridor—fueled the expansion of the West beginning in 1868. Today, coal is still being mined on the land grant, which supplies energy to produce electrical power to the region.
The world's largest deposit of trona, a mineral used to produce soda ash, is located along the land grant corridor, generating royalty and equity income.
Today Anadarko holds approximately 7.5 million acres of fee mineral rights from this original grant, located in Colorado, Wyoming and Utah. These lands contain significant resources of coal, trona, limestone, titanium, zeolite, oil shale and diamonds. The minerals group promotes the development of these resources, and manages the income and cash flow streams to help fund the growth of our oil and natural gas operations.
Surface Use IssuesNolan McWherter, 832/636-3863
Oil and Natural Gas Exploration and Development Issues Jim O'Malley, 832/636-3038
Hard Mineral IssuesDon Ballard, 832/636-2726