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Interim Results, Production Volumes, Divestitures, and M&As to Yield More Value for Oil & Gas Shareholders - Research Report on



  Interim Results, Production Volumes, Divestitures, and M&As to Yield More
  Value for Oil & Gas Shareholders - Research Report on Marathon Petroleum,
               Range Resources, Forest Oil, SM Energy, and EXCO

PR Newswire

NEW YORK, July 19, 2013

NEW YORK, July 19, 2013 /PRNewswire/ --

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

Today, Investors' Reports announced new research reports highlighting Marathon
Petroleum Corporation (NYSE: MPC), Range Resources Corporation (NYSE: RRC),
Forest Oil Corporation (NYSE: FST), SM Energy Company (NYSE: SM), and EXCO
Resources Inc. (NYSE: XCO). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Marathon Petroleum Corporation Research Report

On July 15, 2013, Marathon Petroleum Corporation (Marathon Petroleum)
announced that it expects to report Q2 2013 earnings in the range of $570
million to $600 million, or $1.75 to $1.85 per diluted share, compared with
earnings of $814 million, or $2.38 per diluted share, in Q2 2012. Marathon
Petroleum reported that its Q2 2013 results include after-tax charges of
approximately $39 million, or $0.12 per share, related to pension settlement
expenses compared with approximately $53 million, or $0.15 per share, in Q2
2012. The Company also reported that it expects Q2 2013 Refining and Marketing
segment results to be negatively impacted by a number of factors, including
lower crude oil price differentials and product realizations compared to spot
market values, which the Company believes were impacted by the Renewable Fuels
Standard. Marathon Petroleum is scheduled to host a conference call on August
1, 2013 at 10:00 a.m. EDT to provide an update on its operations and to
discuss Q2 2013 financial results, which will be released earlier that day.
The Full Research Report on Marathon Petroleum Corporation - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.InvestorsReports.com/report/2013-07-17/MPC]

--

Range Resources Corporation Research Report

On July 11, 2013, Range Resources Corporation (Range Resources) announced its
Q2 2013 production volumes, which reached a record high of 910 million cubic
feet of gas equivalent (Mmcfe) per day, up 27% YoY. Range Resources reported
that its production was 79% natural gas, 15% natural gas liquids (NGLs), and
6% crude oil and condensate. Jeff Ventura, President and CEO of Range
Resources, said, "Second quarter production results were outstanding and
reflect the continuing efforts of our operating and marketing teams. The
success of our drilling program over the first half of the year puts us on
track to achieve the high-end of our production growth target of 20% to 25%
for 2013. More importantly, our sizable position in the Marcellus Shale gives
us confidence that we can deliver similar line-of-sight growth of 20% to 25%
for many years. We believe this strong growth, coupled with high returns, low
cost and low reinvestment risk will allow Range to drive substantial growth
per share for our shareholders for years to come." The Full Research Report on
Range Resources Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.InvestorsReports.com/report/2013-07-17/RRC]

--

Forest Oil Corporation Research Report

On July 15, 2013, Forest Oil Corporation (Forest Oil) announced that its Board
of Directors has determined that the Company will initiate a marketed process
to pursue the sale of its assets. The Board's decision came after receiving
unsolicited proposals from third parties interested in acquiring the Company's
assets. Forest Oil reported that it has retained J.P. Morgan Securities LLC to
assist in the marketing efforts. The Company stated that it intends to use any
proceeds from a potential sale to reduce debt and enhance financial
flexibility. The Full Research Report on Forest Oil Corporation - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.InvestorsReports.com/report/2013-07-17/FST]

--

SM Energy Company Research Report

On July 10, 2013, SM Energy Company (SM Energy) announced that it has engaged
an advisor to market all of its properties in the Anadarko Basin, which
includes the Company's Granite Wash interests. SM Energy reported that the
production from the assets represents slightly over 9,000 barrels of oil
equivalent (BOE) per day (75% natural gas), which is approximately 8% of the
Company's total production in the first quarter of 2013. SM Energy also
reported that its Anadarko Basin assets include approximately 56,000 net
mineral acres. The Full Research Report on SM Energy Company - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.InvestorsReports.com/report/2013-07-17/SM]

--

EXCO Resources Inc. Research Report

On July 12, 2013, EXCO Resources Inc. (EXCO) announced that it has
successfully closed its acquisition of producing and undeveloped oil and gas
assets in the Haynesville shale formation (Haynesville) from subsidiaries of
Chesapeake Energy Corporation. The Company reported the total consideration of
this acquisition to be approximately $288 million in cash, subject to
customary post-closing purchase price adjustments. EXCO also reported that the
acquisition was financed under the Company's existing credit agreement. The
Company stated that the Haynesville acquisition is subject to an affiliate of
BG Group plc.'s preferential right to acquire 50% of the Haynesville
properties. The Full Research Report on EXCO Resources Inc. - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.InvestorsReports.com/report/2013-07-17/XCO]

----

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http://analystscorner.com/

 

SOURCE Investors' Reports

Contact: Kristi Saunders - CONTACT PHONE: +1-315-982-6420 (North America)
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