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Andarko Petroleum to sell shale fields in Texas

US oil and gas producer Andarko Petroleum Corp is now officially selling assets in Texas.

Photo: Mieko Mahi, AP _ Statoil - Statoil

Oil companies are keen on getting out of the US state Texas. One of the latest is Andarko Petroleum Corp, which announced this Thursday that assets were being divested for about USD 2.3 billion (EUR 2.16 billion), writes Reuters.

The assets concerned are the oil company's shale fields in Eagleford Shale in southern Texas, and this is supposedly because the company now plans to focus on more profitable areas such as the Denver valley in Colorado and the assets in the Gulf of Mexico.

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