Anadarko Petroleum Corp. (NYSE: APC) detailed its 2014 capital guidance on March 4, noting that its sales volumes of oil and natural gas are predicted to increase because of the way it allocated the capital investments.

Total capital investments this year should be between $8.1 billion-$8.5 billion, the company said, noting that capital investments are associated with Western Gas Partners LP (NYSE: WES), which Anadarko controls.

This year, more than 80% of its U.S. onshore capital investments will go toward oil and natural gas, Anadarko said.

Sales volumes, onshore year-over-year (Y/Y) same-store, should increase more than 10%, to more than 625,000 barrels of oil equivalent per day (BOE/d), the company said. This amount includes an almost 50,000 barrel per day increase in liquids volumes, the company said.

The sales growth should be driven by the company’s operations in several liquids-rich areas, including the Wattenberg, Eagle Ford and Wolfcamp areas, Anadarko said. Of these areas, the horizontal Wattenberg area delivers the strongest returns, the company noted. In the Wattenberg, about 13 rigs will be operating, and more than 360 wells will be drilled this year, the company said.

In the Wolfcamp, Anadarko will operate eight or ten rigs, and plans to drill more than 80 wells, the company said. The company holds about 600,000 gross acres there, and has identified more than 1,000 drilling locations in a derisked portion, the company said.

Al Walker, president and CEO, said that the capital program is within “anticipated cash flow.”

"Anadarko is uniquely positioned to build upon our multi-year track record of success and to deliver sustained growth and unmatched optionality in 2014 and beyond," Walker said.

Anadarko Petroleum Corp., based in The Woodlands, Texas, is an oil and natural gas E&P operating nationwide and internationally.