NEW YORK, June 11, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Devon Energy Corporation (NYSE: DVN), Halliburton Company (NYSE: HAL), Williams Companies, Inc. (NYSE: WMB), and Peabody Energy Corp. (NYSE: BTU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Freeport-McMoRan Copper & Gold Inc. Research Report
On June 3, 2013, Freeport-McMoRan Copper & Gold Inc. (FCX) announced that the shareholders of McMoRan Exploration Co. (MMR) approved FCX's acquisition of MMR. Pursuant to the merger agreement, MMR stockholders are entitled to receive per-share consideration consisting of $14.75 in cash (totaling $2.2 billion for the shares not already owned by FCX) and 1.15 units of the Gulf Coast Ultra Deep Royalty Trust, which will hold a 5% overriding royalty interest in future production from 20 specified ultra-deep exploration prospects. Further, on May 31, 2013, FCX completed its acquisition of Plains Exploration & Production Company for approximately $16.3 billion in transaction value, adding a high quality portfolio of US-based oil and gas assets to its global mining business. The Company stated that this transaction creates a premier US-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. The Full Research Report on Freeport-McMoRan Copper & Gold Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/204a_FCX]
Devon Energy Corporation Research Report
On June 6, 2013, Devon Energy Corporation's (Devon Energy) Board of Directors approved a plan to form a publicly-traded midstream master limited partnership (MLP). Devon Energy reported that the MLP is expected to initially own a minority in the Company's US midstream business, which includes natural gas gathering and processing assets in Texas, Oklahoma, and Wyoming. The Company expects the MLP to file a registration statement with the Securities and Exchange Commission (SEC) in Q3 2013. The Company will own the general partner of the MLP, all of its incentive distribution rights, and a majority of its common units following completion of the initial public offering. The Full Research Report on Devon Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/eac1_DVN]
Halliburton Company Research Report
On May 20, 2013, Halliburton Company (Halliburton) announced that it has deployed nearly 100 light-duty Compressed Natural Gas (CNG) trucks across several field locations in the US. The Company stated that the Original Equipment Manufacturers (OEM) bi-fuel trucks were recently purchased as part of a pilot program to be rolled throughout its US operations program. "There is considerable focus across the industry to identify multiple ways to leverage this abundant, reliable and cleaner burning source of energy in day-to-day operations," said Jim Brown, Western Hemisphere President at Halliburton. "The fleet of CNG vehicles is one more example where Halliburton is leading among oil and gas services companies regarding the use of American natural gas." The Full Research Report on Halliburton Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/f66e_HAL]
Williams Companies, Inc. Research Report
On May 28, 2013, Williams Companies, Inc. (Williams) announced that they have executed a joint venture agreement with Boardwalk Pipeline Partners, LP., to continue the development process for the Bluegrass Pipeline, a project that would transport natural gas liquids from Marcellus and Utica shale plays to the petrochemical and export complex in the US Gulf Coast, as well as developing petrochemical market in the Northeast US. Alan Armstrong, President and CEO of Williams, said, "This timely joint venture with Boardwalk would link two liquids-rich resource plays in the Northeast U.S. with the expanding petrochemical industry on the Gulf Coast, providing producers in Ohio, West Virginia and Pennsylvania with the ability to access large and growing markets." Armstrong added, "The large scale solution has many advantages including an early in service date, lower environmental impact, lower cost and lower permitting risk." The Full Research Report on Williams Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/3240_WMB]
Peabody Energy Corp. Research Report
On June 3, 2013, Peabody Energy Corp. (Peabody Energy) announced that employees at its Kayenta Mine have successfully reached a safety milestone by achieving more than 1 million operating hours and more than one year without a safety incident causing an employee to miss work. "Kayenta's results reflect an intense safety culture that is part of Peabody's mission," said Kemal Williamson, Peabody President - Americas. "These results demonstrate our continued focus on teamwork, training, communications and best practice. I'm proud of our team for working toward our safety vision of achieving zero incidents of any kind." The Full Research Report on Peabody Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/e81e_BTU]
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SOURCE Wall Street Reports