Subsidy Tracker Individual Entry

Company: 
Anadarko Petroleum
Parent Company: 
Anadarko Petroleum
Subsidy Source: 
local
Location: 
Texas
City: 
The Woodlands
County: 
Montgomery
Project Description: 

office tower construction

Year: 
2012
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$175,000,000
Program Name: 
Property tax abatement
Awarding Agency: 
Montgomery County Commissioners Court
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
450
Source of Data: 

The subsidy value and the job projections are taken from: Nicklaus Lovelady, "Anadarko expansion under way," The Houston Chronicle, February 23, 2012.

Notes: 

In 2012, Montgomery County granted Anadarko Petroleum property tax abatements worth about $175 million over 10 years on the company's second office tower. In 1999, the company relocated to The Woodlands and received its first property tax abatement worth about $176,000 per year or about $17,6 million over 10 years for its first office tower (not included in the total subsidy value but listed separately in Subsidy Tracker main data entries from 2002 to 2006 but without the subsidy amounts). Additional information on the 1999 deal is taken from: "Oil, gas company gets tax abatements, The Houston Chronicle, April 13, 1999.

Source Notes: 
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