Company: Anadarko Petroleum Parent Company: Occidental 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:
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: If an online information source is not working, check the Tracker inventory page for an updated link.