First Quarter Results, Monthly Drilling Activity and Litigation Settlement - Analyst Notes on SandRidge, Antero, Rowan, Patterson-UTI and Hyperdynamics

NEW YORK, May 21, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding SandRidge Energy, Inc. (NYSE: SD), Antero Resources Corporation (NYSE: AR), Rowan Companies plc (NYSE: RDC), Patterson-UTI Energy, Inc. (NASDAQ: PTEN) and Hyperdynamics Corporation (NYSE: HDY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2717-100free.

SandRidge Energy, Inc. Analyst Notes
On May 7, 2014, SandRidge Energy, Inc. (SandRidge) reported Q1 2014 financial results. In Q1 2014, the Company's revenues totaled $443.1 million, down 13.4% YoY. Q1 2014 net loss attributable to SandRidge was $128.0 million, or $0.29 per diluted share, compared to a net loss of $479.3 million, or $1.03 per diluted share, in Q1 2013. "We produced 55 MBoe per day in April compared to our first quarter average of 51 MBoe per day, and brought on 45 new wells in April, compared to 71 wells for all of the first quarter. We continue to advance our value initiatives such as the multi-lateral well programs, producing from multiple zones, and expanding our asset base as with the addition of Oklahoma's northern Garfield County into our focus area," said James Bennett, CEO and President of SandRidge. The full analyst notes on SandRidge are available to download free of charge at:

http://www.analystsreview.com/2717-SD-21May2014.pdf

Antero Resources Corporation Analyst Notes
On May 7, 2014, Antero Resources Corporation (Antero) reported Q1 2014 financial results. In Q1 2014, total revenues were c.$165 million, as compared to $61.5 million for Q1 2013 . Q1 2014 net loss from operations was $94.8 million, or $0.36 per diluted share, compared to a net loss of c.$48 million, or $0.18 per diluted share, in Q1 2013. "Antero's record gas equivalent and liquids production combined with our strong realized prices and high cash flow per Mcfe demonstrate the success of our strategy to emphasize liquids-rich production growth, midstream infrastructure and firm takeaway capacity. Further, we have assembled one of the largest core liquids-rich drilling inventories in Appalachia and built the balance sheet to support our momentum for many years to come," said Paul Rady, Chairman of the Board and CEO of Antero. The full analyst notes on Antero are available to download free of charge at:

http://www.analystsreview.com/2717-AR-21May2014.pdf

Rowan Companies plc Analyst Notes
On May 6, 2014, Rowan Companies plc (Rowan) reported Q1 2014 financial results. In Q1 2014, the Company's revenues decreased 4.2% YoY to $377.6 million due to slightly lower utilization. The Company stated that Q1 2014 revenues were significantly impacted by the previously disclosed out-of-service periods for the Gorilla VI and Gorilla VII. Q1 2014 net income from continuing operations was $55.6 million, or $0.45 per share, compared to $68.1 million, or $0.55 per share, in Q1 2013. "We have achieved an exciting milestone, with our first ultra-deepwater drillship operating on rate in Namibia. While we are disappointed with the first quarter's out of service time on two of our higher day rate jack-ups, our entry into deepwater and the corresponding structural earnings growth is on track," said Tom Burke, President and CEO of Rowan. The full analyst notes on Rowan are available to download free of charge at:

http://www.analystsreview.com/2717-RDC-21May2014.pdf

Patterson-UTI Energy, Inc. Analyst Notes
On May 5, 2014, Patterson-UTI Energy, Inc. (Patterson-UTI) reported April 2014 drilling activity. The Company informed that in April 2014, it had an average of 199 drilling rigs operating in the US and one rig in Canada. Further, Patterson-UTI stated that that average drilling rigs operating reported in its monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company also cautioned that numerous factors in addition to average drilling rigs operating can impact its operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of Patterson-UTI's financial performance. The full analyst notes on Patterson-UTI are available to download free of charge at:

http://www.analystsreview.com/2717-PTEN-21May2014.pdf

Hyperdynamics Corporation Analyst Notes
On May 16, 2014, Hyperdynamics Corporation (Hyperdynamics) announced the settlement of litigation in London that involves AGR Well Management Ltd (AGR). According to Hyperdynamics, AGR has provided project management services for the Company's subsidiary, SCS Corporation Ltd. (SCS), in connection with the drilling of the Sabu #1 well offshore Guinea in 2011-2012. Hyperdynamics informed that SCS will receive $17.7 million from the escrow account previously established by the parties. Further, the claims by SCS and the counterclaims of AGR are expected to be released and the litigation to be terminated. The net proceeds to SCS is expected to be approximately $15.6 million, after reconciling the joint interest account with Dana Petroleum, the other working interest holder during the drilling. The full analyst notes on Hyperdynamics are available to download free of charge at:

http://www.analystsreview.com/2717-HDY-21May2014.pdf

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