Energy Companies Announce Asset Sales, Participation in Research, and Philanthropic Activities - Research Report on Chevron, Apache, ConocoPhillips, Southwestern Energy, and Whiting
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20 Sep, 2013, 08:00 ET
NEW YORK, September 20, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Chevron Corporation (NYSE: CVX), Apache Corporation (NYSE: APA), ConocoPhillips (NYSE: COP), Southwestern Energy Company (NYSE: SWN), and Whiting Petroleum Corporation (NYSE: WLL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Chevron Corporation Research Report
On August 29, 2013, Chevron Corporation's subsidiary, Chevron U.S.A. Inc. announced that it has expanded its Fuel Your School program to 14 US communities in Fall 2013, from nine communities in 2012. The Company informed that the program aims to support education for local public schools and meet the critical need for classroom funding in various communities where the Company operates. Chevron stated that it will contribute $1 to fund eligible classroom projects with every purchase of eight or more gallons of fuel at participating Chevron and Texaco stations in participating US communities, from October 1 to October 31, 2013, up to a total contribution of approximately $7.1 million. Dale Walsh, President of Chevron Americas Products, said, "Fuel Your School provides teachers with essential tools and resources, including hands-on project materials that often do not receive funding from traditional sources. These resources are critical to spurring students' interest in and understanding of the STEM subjects." The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-17/CVX]
Apache Corporation Research Report
On September 17, 2013, Apache Corporation (Apache) announced that it will sell its Hatton, St. Lina, Marten Hills, Snipe Lake, Valhalla, and a part of its Hawkeye producing properties located in Canada in two separate transactions for a combined value of $112 million. According to the Company, the two properties on sale are dry gas developments that comprises of approximately 4,000 operated and 1,300 non-operated wells, and the average daily production, net to Apache from them stood at 38 million cubic feet of natural gas and 750 barrels of oil, condensate and natural gas liquids, in Q2 2013. The Company informed that it expects the transaction to close in Q4 2013. Rodney J. Eichler, President and COO of Apache said, "Our extensive remaining acreage in these areas can generate attractive rates of return and provide for more predictable production growth. We also remain focused on advancing the Kitimat LNG project to monetize large unconventional resources in the Liard and Horn River basins in northern British Columbia." The Full Research Report on Apache Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-17/APA]
ConocoPhillips Research Report
On September 17, 2013, ConocoPhillips (ConocoPhillips) announced a contribution of $200,000 to the American Red Cross to support relief efforts following the floods in Colorado. The Company also informed that it will match donations from the Company's US employees and retirees. Don Hrap, President of Lower 48 and Latin America at ConocoPhillips said, "Colorado is an emerging area of operations for our company, and we are committed to assisting communities as they rebuild. We want to extend our gratitude to all emergency responders, volunteers and organizations like the Red Cross, who are working tirelessly to help those affected." The Full Research Report on ConocoPhillips - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-17/COP]
Southwestern Energy Company Research Report
On September 16, 2013, Southwestern Energy Company (Southwestern Energy) announced its participation in methane emissions air study, conducted by researchers from the University of Texas, and environmental consulting and testing firms, URS and Aerodyne Research. Mark Boling, President of V+ Development Solutions and General Counsel at Southwestern Energy said, "This study shows that the amount of methane emissions from the natural gas production sector can be effectively minimized by applying reasonable emission capture and control practices. We strongly support the effort to capture methane emissions data across the entire natural gas value chain, and we look forward to participating in the next phase of the study that examines gathering and processing, We are committed to preserving air quality and minimizing methane emissions as part of our continuing effort to achieve the proper balance among the economic, social and environmental impacts of our business." The Full Research Report on Southwestern Energy Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-17/SWN]
Whiting Petroleum Corporation Research Report
On September 12, 2013, Whiting Petroleum Corporation (Whiting) announced the completion of a public offering of $1.9 billion aggregate principal amount of senior notes. According to the Company, the offering comprised of $1.1 billion of 5.00% senior notes due on March 15, 2019 and $800 million of 5.75% senior notes due on March 15, 2021. The Company informed that it has received net proceeds of c.$1.88 billion from the offering and it intends to use the net proceeds for repayment of all the debt outstanding under Whiting's credit agreement, for funding of its $260.0 million acquisition of Williston Basin assets, for retirement of its $250.0 million of outstanding 7.0% senior subordinated notes due 2014 or prior to their maturity on February 1, 2014, and for general corporate purposes. The Full Research Report on Whiting Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-17/WLL]
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