Anadarko Issues Statement Regarding Firestone Accident

HOUSTON, May 2, 2017 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) provided the following statement regarding the Frederick-Firestone Fire Protection District's results of investigation into the tragic accident in Firestone, Colo., which occurred on April 17.

"I know I speak for everyone at Anadarko when I say that our thoughts and prayers remain with the Martinez and Irwin families as they continue to mourn the loss of their loved ones," said Al Walker, Anadarko Chairman, President and CEO. "The safety of our employees and the people who live and work in the communities in which we operate is our number one priority. Consistent with that, and out of an abundance of caution, last week we shut in our vertical wells in the Oak Meadows area and throughout the basin. We hope that doing so also provided some additional reassurance to the community in the wake of this tragic accident. We will continue to take all necessary and appropriate steps in that regard, and will continue to cooperate fully with all ongoing investigations to ensure we fully understand the basis for the fire district's conclusions and that no stone is left unturned prior to any final determinations."

The company also will continue to work with the Colorado Oil and Gas Conservation Commission (COGCC) on additional steps or actions the agency deems necessary.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including the timing of operational activities and determinations or other factors related to investigatory efforts. See "Risk Factors" in the company's 2016 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

Anadarko Contacts  INVESTORS:  Robin Fielder, [email protected], 832.636.1462  Jim Grant, [email protected], 832.636.8320  Pete Zagrzecki, [email protected], 832.636.7727

MEDIA: John Christiansen, [email protected], 832.636.8736

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SOURCE Anadarko Petroleum Corporation