M&As, Divestitures, and Production Commencement to Yield Prolific Oil and Gas Portfolios - Research Report on Linn, Marathon

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]

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