Settlements, Conference Call Schedules, Divestitures, and Acquisitions - Analyst Notes on Anadarko, EOG, Schlumberger, Devon, and Cabot Oil & Gas Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Anadarko Petroleum Corporation (NYSE: APC), EOG Resources Inc (NYSE: EOG), Schlumberger Limited (NYSE: SLB), Devon Energy Corp (NYSE: DVN), and Cabot Oil & Gas Corporation (NYSE: COG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Anadarko Petroleum Corporation Analyst Notes
On April 3, 2014, Anadarko Petroleum Corporation (Anadarko) announced that it has entered into an agreement with the plaintiffs in the Tronox Adversary Proceeding to resolve all claims against Kerr-McGee and certain of its subsidiaries and affiliates. According to the Company, the aforementioned claims stemmed from alleged actions by Kerr-McGee prior to its acquisition by Anadarko in 2006. The Company informed that it has agreed to pay a total sum of $5.15 billion to the plaintiffs in exchange for a complete release of all claims against Kerr-McGee. Anadarko added that plaintiffs and Kerr-McGee have agreed to mutually release claims against each other, and the U.S. Government and Kerr-McGee have provided mutual covenants not to sue. Anadarko's Chairman, President and CEO, Al Walker remarked, "This settlement agreement with the Litigation Trust and the U.S. Government eliminates the uncertainty this dispute has created, and the proceeds will fund the remediation and cleanup of the legacy environmental liabilities and tort claims." The full analyst notes on Anadarko Petroleum Corporation are available to download free of charge at:
EOG Resources Inc Analyst Notes
On April 3, 2014, EOG Resources Inc (EOG) announced that it will discuss its Q1 FY 2014 results via conference call on Tuesday, May 6, 2014, at 8:00 a.m. CT/9:00 a.m. ET. The Company stated that the live webcast of the call can be accessed via EOG's website, where a copy of the call will also be archived until Tuesday, May 20, 2014. The full analyst notes on EOG Resources Inc are available to download free of charge at:
Schlumberger Limited Analyst Notes
On March 31, 2014, Schlumberger Limited (Schlumberger) announced its acquisition of UK-based Rock Deformation Research (RDR), specialized in geological software development and structural geology consultancy for the oil and gas industry. "The acquisition of RDR will allow us to provide our customers with an integrated solution to address fault and structural geological exploration and development challenges," said Uwem Ukpong, President, Schlumberger Information Solutions. "RDR's technology and expertise complements our Petrel-based geological modeling and geology domain knowledge. As our industry goes through a significant crew change with young professionals filling the gap of retiring experienced staff, Studio Advisor provides software-guided workflows that improve decision-making processes and enhance knowledge sharing and best practices." The full analyst notes on Schlumberger Limited are available to download free of charge at:
Devon Energy Corp Analyst Notes
On April 2, 2014, Devon Energy Corp (Devon) announced that it has completed the sale of its Canadian conventional assets to Canadian Natural Resources Limited for CAD3.125 billion. Devon stated that its retained Canadian business will consist of its thermal heavy oil, Lloydminster and Horn River assets. The Company stated that it plans to repatriate the proceeds to the U.S. - an expected $2.7 billion for use in the repayment of debt incurred to finance its Eagle Ford acquisition. The full analyst notes on Devon Energy Corp are available to download free of charge at:
Cabot Oil & Gas Corporation Analyst Notes
On March 27, 2014, Cabot Oil & Gas Corporation (Cabot Oil & Gas) announced that it has scheduled its Q1 FY 2014 earnings conference call on Thursday, April 24, 2014 at 9:30 a.m. ET. The Company stated that it plans to issue its financial and operating results prior to the market opening on the same day. Cabot Oil & Gas added that the live audio webcast of the call will be available on the Investor Relations page of its website. The full analyst notes on Cabot Oil & Gas Corporation are available to download free of charge at:
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