Anadarko Petroleum, based in The Woodlands, Texas, is one of the largest independent exploration and production companies in North America. Its asset base includes conventional and unconventional properties in the U.S. and deep-water oil and gas projects in the Gulf of Mexico and Africa. Anadarko holds an interest in 62 million net acres, 8.4 million on which it owns mineral rights. At year-end 2012, proved reserves totaled 2.6 billion boe, with net production of 732 thousand boe/d. Natural gas made up 57% of production and 55% of reserves.