M&As, Divestitures, and Production Commencement to Yield Prolific Oil and Gas Portfolios - Research Report on Linn, Marathon Oil, Chesapeake, CNOOC, and QR Energy PR Newswire NEW YORK, July 11, 2013 NEW YORK, July 11, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Wall Street Reports announced new research reports highlighting Linn Energy, LLC (NASDAQ: LINE), Marathon Oil Corporation (NYSE: MRO), Chesapeake Energy Corporation (NYSE: CHK), CNOOC Ltd. (NYSE: CEO), and QR Energy, LP (NYSE: QRE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Linn Energy, LLC Research Report On July 1, 2013, Linn Energy, LLC (Linn Energy) and LinnCo, LLC (LinnCo) announced that they have received a notification from the Securities and Exchange Commission (SEC) that its Fort Worth Regional Office has commenced a private, non-public inquiry regarding Linn and LinnCo. The Company reported that the SEC has requested the preservation of documents and communications that are potentially significant to, among other things, LinnCo's proposed merger with Berry Petroleum, and Linn and LinnCo's use of non-GAAP financial measures and hedging strategy. The SEC stated that the inquiry should not be construed as an indication that the SEC or its staff has a negative view of any entity, individual, or security. Linn and LinnCo also reported that both are cooperating fully with the SEC and remain committed to completing the merger transaction. The Full Research Report on Linn Energy, LLC - 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/c287_LINE] -- Marathon Oil Corporation Research Report On June 25, 2013, Marathon Oil Corporation (Marathon Oil) announced that its subsidiary, Marathon International Oil Angola Block 31 Limited, has entered into a definitive agreement to sell its 10% working interest in the Production Sharing Contract and Joint Operating Agreement in Block 31 offshore Angola to Sonangol Sinopec International. Marathon Oil reported that the sale is valued at approximately $1.5 billion, excluding any purchase price adjustments at the closing. Clarence P. Cazalot, Jr., Chairman, President, and CEO of Marathon Oil, said, "This transaction highlights the shareholder value we have created through exploration success in Angola, as well as our commitment to financial discipline and efforts to profitably grow the Company." Marathon Oil expects the transaction to be completed in Q4 2013. The Full Research Report on Marathon 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/5a8c_MRO] -- Chesapeake Energy Corporation Research Report On July 3, 2013, Chesapeake Energy Corporation (Chesapeake) announced the execution of agreements to sell its assets in the Northern Eagle Ford Shale and Haynesville Shale to EXCO Operating Company, LP. Chesapeake reported that out of the total proceeds of approximately $1 billion, approximately 90% will be received upon closing of the transaction. Doug Lawler, CEO of Chesapeake, commented, "Today's announcement brings our year-to-date asset sales signed or closed to approximately $3.6 billion, which, combined with forecasted net operating cash flow, enables Chesapeake to fully fund its 2013 capital expenditure budget. Additional asset sales contemplated for later this year may reduce long-term debt and further enhance our financial liquidity." The Company stated that the transaction is expected to close in Q3 2013. The Full Research Report on Chesapeake 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/f7ac_CHK] -- CNOOC Ltd. Research Report On July 2, 2013, CNOOC Ltd. (CNOOC) announced that it has recently commenced production at its Wenchang 8-3E oil field. The Company reported that it holds a 100% interest in the Wenchang 8-3E oil field, which is located in the western Pearl River Mouth Basin. The oil field has an average water depth of about 110-120 meters. As per CNOOC, the project, with 4 producing wells, is expected to reach its peak production within the year. The Full Research Report on CNOOC Ltd. - 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/3c95_CEO] -- QR Energy, LP Research Report On July 1, 2013, QR Energy, LP (QR Energy) announced that it has entered into a definitive agreement to acquire predominantly oil properties located in the Ark-La-Tex area from an undisclosed private seller for $110 million in cash, subject to customary purchase price adjustments. QR Energy reported that it will utilize cash on hand and borrowings under its bank credit facility to finance the acquisition, which is expected to be completed in early August 2013. Alan L. Smith, CEO of QR Energy, said, "We are very excited to announce this bolt-on acquisition which will allow us to increase our position in the world class East Texas oil field. Consistent with the acquisition we completed in the field in December 2012, this asset base is well-suited for our MLP strategy and an excellent fit with our investment criteria. These properties are contiguous to our existing wells and leases and as a result we expect to benefit from our operational expertise and existing infrastructure in the field. We have already identified several attractive, low-risk development projects and believe additional opportunities exist to further enhance production." The Full Research Report on QR Energy, LP - 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/0f45_QRE] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. 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M&As, Divestitures, and Production Commencement to Yield Prolific Oil and Gas Portfolios - Research Report on Linn, Marathon
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