New Appointments, Share Offerings, Well Results, and Sale Agreements - Research Report on Devon Energy, Diamondback, Murphy,

    New Appointments, Share Offerings, Well Results, and Sale Agreements -
 Research Report on Devon Energy, Diamondback, Murphy, Laredo, and PDC Energy

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

PR Newswire

NEW YORK, June 24, 2013

NEW YORK, June 24, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting Devon
Energy Corporation (NYSE: DVN), Diamondback Energy, Inc. (NASDAQ: FANG),
Murphy Oil Corporation (NYSE: MUR), Laredo Petroleum Holdings, Inc. (NYSE:
LPI), and PDC Energy, Inc. (NASDAQ: PDCE). Today's readers may access these
reports free of charge - including full price targets, industry analysis and
analyst ratings - via the links below.

Devon Energy Corporation Research Report

On June 10, 2013, Devon Energy Corporation (Devon Energy) announced the
promotion of two of its corporate officers. David A. Hager has been appointed
to the position of Chief Operating Officer and will be responsible for all
operating areas and related corporate functions. Since 2009, Hager served as
the Executive Vice President of Exploration and Production at Devon Energy,
after serving as a member on the Company's Board of Directors since 2007.
Further, Tony Vaughn was promoted to the position of Executive Vice President
of Exploration and Production. Vaughn will report to Hager and will be
responsible for all of Devon Energy's oil and natural gas exploration,
drilling, and production operations. Vaughn was previously the Company's
Senior Vice President of Exploration and Strategic Services. The Full Research
Report on Devon Energy 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/eac1_DVN]

--

Diamondback Energy,Inc. Research Report

On June 19, 2013, Diamondback Energy, Inc. (Diamondback) announced the pricing
of the underwritten public offering of 6 million shares of its common stock by
certain selling stockholders, at a price of $34.75 per share. The share
offering represents a 1 million share upsize to the originally proposed 5
million share offering. The underwriters can choose to purchase up to an
additional 869,222 shares from the selling stockholders at the public offering
price. Diamondback expects the offering to close on June 24, 2013, subject to
customary closing conditions. Credit Suisse Securities LLC is acting as the
sole book-running manager for the offering. The Full Research Report on
Diamondback Energy, 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/454f_FANG]

--

Murphy Oil Corporation Research Report

On June 7, 2013, Murphy Oil Corporation (Murphy) announced through its
subsidiary, Murphy Australia WA-408-P Oil Pty Ltd. (Murphy Australia), the
well results of the non-operated Bassett West-1 well in the Browse basin
offshore Western Australia. According to Murphy Australia, the Bassett West-1
well encountered over 20 feet of net gas condensate pay. The Company stated
that further technical assessment will be performed to evaluate the potential
for improved reservoir development across this large structure. The
accumulation found in the wellbore is non-commercial and the Company expects
to expense the well in Q2 2013. Murphy reported that it holds a 20% working
interest in block WA-408-P. The Full Research Report on Murphy Oil 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/f920_MUR]

--

Laredo Petroleum Holdings,Inc. Research Report

On June 13, 2013, Laredo Petroleum Holdings, Inc. (Laredo) announced that it
has appointed Mr. Jay P. Still as the Chief Operating Officer (COO) and as a
member of the Company's Board of Directors, effective July 8, 2013. Mr. Still
recently resigned as the Executive Vice President of Domestic Operations at
Pioneer Natural Resources and will replace Jerry R. Schuyler, who will retire
from Laredo in 2014. Mr. Schuyler has agreed to be available to the Company
for consultation until his retirement to ensure a smooth transition. As the
new COO, Mr. Still will be responsible for all development activity. He will
also be coordinating together with the Company's Chairman and CEO, Randy A.
Foutch and Chief Financial Officer, Richard C. Butterbaugh as they will be
jointly responsible for key decisions in areas of corporate strategy and
capital allocation. The Full Research Report on Laredo Petroleum Holdings,
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/1b79_LPI]

--

PDC Energy,Inc. Research Report

On June 19, 2013, PDC Energy, Inc. (PDC Energy) announced that it has
completed the sale of its non-core Colorado natural gas assets on June 18,
2013. The assets were sold to Caerus Oil and Gas LLC for approximately $185
million in net proceeds, subject to customary post-closing adjustments.
Pursuant to the purchase and sale agreement, the transaction was given
economic effect as of January 1, 2013. The Company stated that the non-core
Colorado assets sold were approximately 99% natural gas in terms of reserves
and included an estimated 85 billion cubic feet equivalent of net proved
developed producing reserves as of December 31, 2012. In Q1 2013, the assets
reportedly produced approximately 40 million net cubic feet of natural gas
equivalent per day. "We expect to fund our 2013 capital program with the
proceeds from the sale and internally generated cash flow," said James
Trimble, President and CEO of PDC Energy. The Full Research Report on PDC
Energy, 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/0b7c_PDCE]

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