Shares Repurchases & Dividends, Asset Exchange Agreements, Financial Results, and Inducement Grants - Analyst Notes on Apache, Range Resources, Bonanza Creek Energy, Ultra Petroleum and WPX Energy

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

Today, Analysts Review released its analysts' notes regarding Apache Corp. (NYSE: APA), Range Resources Corporation (NYSE: RRC), Bonanza Creek Energy, Inc. (NYSE: BCEI), Ultra Petroleum Corp. (NYSE: UPL) and WPX Energy, Inc (NYSE: WPX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2729-100free.

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Apache  Corp.  Analyst  Notes
On May 15, 2014, Apache Corp. (Apache) reported that its Board of Directors has authorized repurchasing an additional 10 million Apache common shares, supplementing the 30-million-share authorization announced in May 2013. Under the prior authorization, the Company has purchased 24.3 million shares for c.$2.1 billion. Commenting on the Board decisions, Steven Farris, Chairman, CEO and President, Apache, said, "The board has increased the buyback authorization because of its confidence in Apache's ability to continue to execute our future growth plans." In addition, Apache's Board also declared a quarterly cash dividend of $0.25 per share on the Company's common stock, payable on August 22, 2014 to stockholders of record on July 22, 2014. The  full  analyst  notes  on  Apache  are  available  to  download  free  of  charge  at:

http://www.analystsreview.com/2729-APA-21May2014.pdf

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Range  Resources  Corporation  Analyst  Notes
On April 30, 2014, Range Resources Corporation (Range) announced that it signed an agreement to exchange producing properties and other assets with EQT Corporation. Under the terms of the agreement between the duos, Range will transfer ownership of approximately 73,000 net acres and related assets in Glasscock and Sterling Counties, Texas that comprises all of Range Conger's properties, to EQT Corporation. Meanwhile, EQT Corporation will transfer ownership of 138,000 net acres and their 50% interest in 1,200 miles of gathering pipelines and compression in Nora Field, Virginia, to Range. In addition, Range will receive $145 million in cash. The transaction is expected to be completed in Q2 2014. The  full  analyst  notes  on  Range  Resources  are  available  to  download  free  of  charge  at:

http://www.analystsreview.com/2729-RRC-21May2014.pdf

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Bonanza  Creek  Energy,  Inc.  Analyst  Notes
On May 8, 2014, Bonanza Creek Energy, Inc. (Bonanza Creek) reported its Q1 2014 operational and financial results. Q1 2014 revenue increased 62.7% YoY to $127.4 million. Net income also increased $13.5 million or $0.34 per share, compared with $11.3 million or $0.28 per share in Q1 2013. Marvin Chronister, Bonanza Creek's Interim President and CEO, said, "The first quarter demonstrated continued operational execution and increased visibility to the ultimate value of our assets." The Company achieved an average production rate $19,701 Boe/d from continuing operations, comprised of 66% crude oil, 5% NGLs, and 29% natural gas, increasing total production by 60% over Q1 2013. The Company reaffirms its 2014 production guidance of 23,000 to 25,000 Boe/d. The  full  analyst  notes  on  Bonanza  Creek  Energy  are  available  to  download  free  of  charge  at:

http://www.analystsreview.com/2729-BCEI-21May2014.pdf

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Ultra  Petroleum  Corp.  Analyst  Notes
On May 1, 2014, Ultra Petroleum Corp. (Ultra Petroleum) reported its Q1 2014 financial and operating results. Q1 2014 revenues increased 44.6% YoY to $326.3 million. Adjusted net income came in at $135.4 million or $0.87 per diluted share, compared with $58.5 million or $0.38 per diluted share in Q1 2013. Meanwhile, the Company's operating cash flow also increased to $201.1 million or $1.30 per diluted share, compared with $123.0 million or $0.80 per diluted share for Q1 2013. Michael D. Watford, Chairman, President and CEO, said, "The first quarter of 2014 was a very good quarter for Ultra. We allocated $126.0 million in capital investments to the highest returning projects in our portfolio, which produced over $201.0 million of cash flow. Our free cash flow generation was $75.0 million. More importantly, all three of our assets, including our newly acquired Uinta properties, were self-funding." The  full  analyst  notes  on  Ultra  Petroleum  are  available  to  download  free  of  charge  at:

http://www.analystsreview.com/2729-UPL-21May2014.pdf

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WPX  Energy,  Inc  Analyst  Notes
On May 15, 2014, WPX Energy, Inc (WPX Energy) announced that it granted employment inducement award in the form of restricted stock units to Richard E. Muncrief, President and CEO, of the Company. According to WPX Energy, the grant provides for the issuance of 481,157 shares of the Company's common stock, subject to vesting conditions. According to the Company, 40% of the inducement grant is comprised of time-based restricted stock units that will vest a year after the effective date, May 15, 2014, provided that Muncrief remains an active employee of the Company on such date. The remaining 60% of the inducement grant will be comprised of performance-based restricted stock units, of which half will vest, under condition that if at any time between the effective date and a date that is three years after the effective date, the closing price of WPX Energy common stock on the NYSE is equal to or exceeds 115% of $21.01 for 20 consecutive trading days. Meanwhile, the other half will vest at any time during the performance period, the closing price equals or exceeds 130% of $21.01 for 20 consecutive trading days. The  full  analyst  notes  on  WPX  Energy  are  available  to  download  free  of  charge  at:

http://www.analystsreview.com/2729-WPX-21May2014.pdf

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