Conference Call Schedules, Divestures, and Acquisitions - Analyst Notes on Valero, Apache, MPC, EOG and Cimarex

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Jul 03, 2014, 06:50 ET from Analysts Review

NEW YORK, July 3, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Valero Energy Corporation (NYSE: VLO), Apache Corp. (NYSE: APA), Marathon Petroleum Corporation (NYSE: MPC), EOG Resources, Inc. (NYSE: EOG) and Cimarex Energy Co. (NYSE: XEC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: -- Valero Energy Corporation Analyst Notes On June 30, 2014, Valero Energy Corporation (Valero) announced that it will conduct a conference call on July 30, 2014 at 9:00 a.m. CT to discuss its Q2 2014 earnings results and to give an update on its operations. The Company added that on the same day prior to the call, Valero will release its Q2 2014 results. Valero informed that the live webcast of the presentation will be accessible via its website. The full analyst notes on Valero are available to download free of charge at: -- Apache Corp. Analyst Notes On June 30, 2014, Apache Corp. (Apache) announced that it has completed the previously disclosed sale of its non-operated interests in the Lucius and Heidelberg development projects, as well as 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold Inc. and other interest owners for $1.4 billion. According to the Company, certain working interest owners in the Lucius oil development exercised their preferential rights to purchase their pro-rata share of Apache's interests in Lucius on similar terms as those negotiated by Freeport-McMoRan. The full analyst notes on Apache are available to download free of charge at: -- Marathon Petroleum Corporation Analyst Notes On June 30, 2014, Marathon Petroleum Corporation (MPC) announced that it will be conducting a conference call on Thursday, July 31, 2014 at 10:00 a.m. EDT to discuss its Q2 2014 financial results, which will be released earlier that day. MPC added that during the call it will also provide an update on the Company operations. The Company informed that its President and CEO Gary Heminger, Senior Vice President and CFO Don Templin, and Senior Vice President of Supply, Distribution and Planning, Mike Palmer will participate in the conference call. MPS stated that the call, along with the financial information and other investor-related material, will be available on the Company website. The full analyst notes on MPC are available to download free of charge at: -- EOG Resources, Inc. Analyst Notes On June 30, 2014, EOG Resources, Inc. (EOG) announced that it will be conducting a conference call to discuss the Company's Q2 2014 results on Wednesday, August 6, 2014 at 8:00 a.m. CT (9:00 a.m. ET). EOG informed that the live webcast of the call and a replay of the same till August 20, 2014 will be available on the Company's website. The full analyst notes on EOG are available to download free of charge at: -- Cimarex Energy Co. Analyst Notes On June 30, 2014, Cimarex Energy Co. (Cimarex) announced that it has closed its prior announced acquisition of Western Oklahoma assets which are mainly located in the Cana-Woodford shale play, for a net amount of $238 million, following customary purchase price adjustments. According to the Company, the acquisition added approximately 140 billion cubic feet equivalent (Bcfe) of proved developed reserves, net production of 35 million cubic feet equivalent (MMcfe) per day and 50,000 net acres. Cimarex stated that in a separate transaction, the Company agreed to sell producing properties in Kansas, which include 50 Bcfe of proved reserves and 15 MMcfe per day of production, to an undisclosed buyer for $138 million. Cimarex expects this sale to be closed by July 31, 2014. 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