Operational Updates Provide Significantly Improved Results - Research Report on Petrobras, Helmerich & Payne, Seadrill, QEP, and Halcon Resources

NEW YORK, June 18, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting Petroleo Brasileiro Petrobras SA (NYSE: PBR), Helmerich & Payne, Inc. (NYSE: HP), Seadrill Limited (NYSE: SDRL), QEP Resources, Inc. (NYSE: QEP), and Halcon Resources Corporation (NYSE: HK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Petroleo Brasileiro Petrobras SA Research Report

On June 7, 2013, Petroleo Brasileiro Petrobras SA (Petrobras) announced that its vessel platform Cidade de Paraty began operation on June 6, 2013, getting commercial production underway at the Lula Nordeste area in the Santos Basin pre-salt cluster. The new vessel platform is part of the overall production projects scheduled under the Company's Business and Management Plan (2013-2017 BMP). The first well to be connected to Cidade de Paraty is well 7-LL-11RJS. The gas output will be sent over the Lula- Mexilhao gas pipeline to the Monteiro Lobato Gas Treatment Unit (UTGCA). The Company also stated that 13 other wells - seven producers and six injectors - will be connected to the vessel platform over the coming months in 2013. The Company expects output to peak at 120,000 barrels per day in the second half of 2014. The Full Research Report on Petroleo Brasileiro Petrobras SA - 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/7258_PBR]

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Helmerich & Payne, Inc. Research Report

On June 5, 2013, Helmerich & Payne, Inc. (Helmerich & Payne) announced that the Company's Board of Directors declared a dividend of $0.50 per share of common stock for Q3 FY 2013 (period ended June 30, 2013). The declared dividend represents a significant increase from Helmerich & Payne's previous regular dividend level of $0.15 per share. The $0.50 per share dividend is payable on August 30, 2013 to shareholders of record as of August 15, 2013. "We are pleased to be in position to deliver a meaningful level of yield to our shareholders while retaining a strong ability to continue to pursue growth opportunities," said Hans Helmerich, Chairman and CEO of Helmerich & Payne. The Full Research Report on Helmerich & Payne, 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/1ec6_HP]

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Seadrill Limited Research Report

On June 4, 2013, Seadrill Limited (Seadrill) settled a Total Return Swap (TRS) agreement, which expired on the same day, with 2 million common shares as underlying security. Seadrill subsequently entered into a new TRS agreement with exposure to 2 million common shares. The new TRS will expire on September 4, 2013 and the reference price is (Norwegian Krone) NOK241.88 per share. In another press release announced on June 4, 2013, Seadrill stated that its shares will be trading ex-dividend of a cash dividend of $0.88 per share on June 5, 2013. The dividend is payable on or about June 20, 2013, to shareholders of record as of June 7, 2013. The Full Research Report on Seadrill Limited - 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/9772_SDRL]

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QEP Resources, Inc. Research Report

On June 3, 2013, QEP Resources, Inc. (QEP) provided operational updates for Q2 2013. During Q2 2013, the Company completed and turned to sales its first four-well pad on the recently acquired South Antelope property in the Williston Basin of North Dakota. The four wells had an average 24-hour gross initial production rate of 3,598 barrels of oil equivalent per day (Boepd) per well. QEP also completed nine new wells on two QEP-operated multi-well pads on the Fort Berthold Indian Reservation, with an average 24-hour gross initial production rate of 2,379 Boepd per well. A fifth QEP-operated rig is currently moving onto location on the South Antelope property and is expected to begin the first well on a multi-well pad by mid-June 2013. Further, construction of QEP Field Services' 10,000 barrel-per-day Blacks Fork fractionator expansion is reported to be nearing completion and commissioning and startup is expected to begin early in June 2013. The Full Research Report on QEP Resources, 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/91c5_QEP]

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Halcon Resources Corporation Research Report

On June 10, 2013, Halcon Resources Corporation (Halcon Resources) provided an operational update. The Company stated that it is currently operating 17 rigs across its holdings and is producing 30,000 barrels of oil per day and 27 wells are currently being completed or waiting on completion. At the Williston Basin, Halcon Resources is currently operating eight rigs on the 135,000 net acre position. The Company is currently testing 660 foot spacing for Bakken wells in the Fort Berthold area. At El Halcon, Halcon Resources is currently operating five rigs, and there are currently nine Eagle Ford wells producing, five wells being completed or waiting on completion, and five wells being drilled. At Utica/Point Pleasant, the Company has now drilled eight wells and is currently drilling its ninth well on the 140,000 net acre position in Northeast Ohio and Northwest Pennsylvania. The Company is also operating two rigs at Woodbine, on the 210,000 net acre position. Halcon Resources expects to have data from a 330 square mile 3-D seismic survey spanning across portions of Leon, Madison, and Grimes Counties in-house by the end of 2013. The Full Research Report on Halcon Resources 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/ef19_HK]

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SOURCE Wall Street Reports