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Financial Results and Updates on Development Wells - Research Report on Chesapeake, Pioneer, Anadarko, Occidental, and Apache

   Financial Results and Updates on Development Wells - Research Report on
            Chesapeake, Pioneer, Anadarko, Occidental, and Apache

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

PR Newswire

NEW YORK, August 6, 2013

NEW YORK, August 6, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting
Chesapeake Energy Corporation (NYSE: CHK), Pioneer Natural Resources Company
(NYSE: APD), Anadarko Petroleum Corporation (NYSE: APC), Occidental Petroleum
Corporation (NYSE: OXY), and Apache Corporation (NYSE: APA). Today's readers
may access these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.

Chesapeake Energy Corporation Research Report  

On August 1, 2013, Chesapeake Energy Corporation (Chesapeake) reported Q2 2013
financial and operational results. The Company reported average daily natural
gas production increase of 7% YoY to 4.1 billion cubic feet equivalent (bcfe)
per day, and average daily oil production increase of 44% YoY to 116,000
barrels (bbls) per day, during the quarter. Chesapeake's total revenues for Q2
2013 were $4.7 million, up 37.9% YoY. "We are raising our full-year 2013 oil
production guidance by 1 million barrels (mmbbls) to 38 to 40 mmbbls,
representing a growth rate of 22 to 28% year over year, due to a good well
performance, an accelerated pace of well completions in the Eagle Ford Shale
and timing of asset sales," said Steve Dixon, Chief Operating Officer of
Chesapeake. "We are also reducing our 2013 NGL production guidance by 2 mmbbls
to 21 to 23 mmbbls to reflect ethane rejection that occurred during the second
quarter and thus far in the third quarter as well as anticipated delays
associated with third-party gathering compression, and processing in the Utica
Shale." 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.investorsreports.com/report/2013-08-02/CHK]

--

Pioneer Natural Resources Company Research Report

On July 31, 2013, Pioneer Natural Resources Company (Pioneer) reported Q2 2013
financial and operating results. During Q2 2013, the Company generated total
revenues of $1.2 billion, up 28.7% YoY, whereas net income attributable to
common stockholders was $337.3 million, or $2.40 per diluted share, compared
to a net loss of $70.4 million or $0.57 per diluted share in Q2 2012. Pioneer
produced 176.2 thousand barrels oil equivalent per day (MBOEPD), up 5 MBOEPD
or 3% YoY, aided by continued production growth from the Company's drilling
programs in the liquids-rich horizontal Spraberry/Wolfcamp and Eagle Ford
Shale areas. Further, Pioneer has narrowed its full-year 2013 production
growth guidance to 14% to 16% from a range of 12% to 16%, as it fears the
ongoing ethane rejection due to low ethane prices, to negatively impact the
Company's production in H2 2013. The Full Research Report on Pioneer Natural
Resources Company - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-02/PXD]

--

Anadarko Petroleum Corporation Research Report

On July 29, 2013, Anadarko Petroleum Corporation (Anadarko) reported Q2 2013
financial results. In Q2 2013, the Company generated revenues of $3.5 million,
up 8.5% YoY, and net income attributable to common stockholders of $929
million, or $1.83 per diluted share, compared to net loss of $89 million or
$0.18 per diluted share in Q2 2012. "Our US onshore activities delivered
year-over-year oil growth of 25%, averaging approximately 97,000 barrels per
day during the quarter," said Al Walker, Chairman, President, and CEO of
Anadarko. "We continued to drive significant improvements into our drilling
and completions programs, and costs in each category were favorable to our
expectations." The Full Research Report on Anadarko Petroleum Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-02/APC]

--

Occidental Petroleum Corporation Research Report

On July 30, 2013, Occidental Petroleum Corporation (Occidental) reported Q2
2013 financial results. In Q2 2013, the Company reported net income of $1.3
billion, or $1.64 per diluted share, marginally down by 0.5% YoY. Net sales
during the quarter increased 3.4% YoY to $6.0 billion. "Our total company
production of 772,000 barrels of oil equivalent per day in the second quarter
of 2013 was 6,000 barrels higher than production in the second quarter of 2012
and 9,000 barrels higher than production in the first quarter of 2013," said
Stephen I. Chazen, President and Chief Executive Officer of Occidental. "We
continue to see positive results from our focused drilling program and
improved domestic operational efficiencies." The Full Research Report on
Occidental Petroleum Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-02/OXY]

--

Apache Corporation Research Report

On August 1, 2013, Apache Corporation (Apache) announced that Bacchus B-1
development well, the third well in the Bacchus Field in the UK sector of the
North Sea, has breached field production level of 17,600 barrels of oil per
day. The Bacchus B-1 development well, which commenced production in July
2013, is currently producing 9,400 barrels of oil per day, and the Company has
logged 2,057 feet net oil pay along a horizontal completion segment in high
quality Jurassic-aged Fulmar sandstone in the field's western fault block.
Following the recent success at Bacchus, Apache has extended its current
Forties 3-D seismic survey area to cover other Jurassic development and
exploration targets in Apache licenses in the Bacchus area. The seismic survey
is expected to be completed in September 2013. The Full Research Report on
Apache Corporation - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-02/APA]

----

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