Anadarko Petroleum Corp., Houston, (NYSE: APC) has expanded its commodity derivative program by entering additional fixed-price natural gas swaps for June, July and August and also increased its 2010 derivative positions for both crude oil and gas through costless, three-way collars.

            Anadarko’s fixed-price natural gas swaps for June, July and August feature of floor sold price of $4.18 of 1.15 million Btu per day. In 2010 the floor sold price is $6.10 per 90,000 Btu per day and in 2011 its $6.17 per 90,000 Btu per day.

            Anadarko’s commodity hedge positions for three-way collars on gas in 2009 has a floor sold price of $5.45, floor purchases price of $7.50 and a ceiling sold price of $11.25 for 530,000 Btu per day. In 2010, the floor sold is $4.22, floor purchased is $5.59 and ceiling sold is $8.23 for 1.63 million Btu per day.

            The three-way collars on crude oil in 2009 have a floor sold price of $37.51, floor purchased of $52.51 and ceiling sold of $87.04 per 48,000 barrels per day. In 2010, the floor sold is $46.71, floor purchased is $61.71 and ceiling sold is $84.44 per 88,000 barrels per day. In 2011, the floor sold is $35, floor purchased is $50 and ceiling sold is $86 per 3,000 barrels per day. In 2012, the floor sold is $35, floor purchased is $50 and ceiling sold is $92.50 per 2,000 barrels per day.

Anadarko is a large U.S. independent and has oil and gas properties worldwide.