Mergers, Acquisitions, Capital Expectations and Outlook, and Declared Dividends - Analyst Notes on EPL, Anadarko, Cimarex,

    Mergers, Acquisitions, Capital Expectations and Outlook, and Declared
Dividends - Analyst Notes on EPL, Anadarko, Cimarex, Apache, and Southwestern

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PR Newswire

NEW YORK, March 18, 2014

NEW YORK, March 18, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding EPL Oil & Gas,
Inc. (NYSE: EPL), Anadarko Petroleum Corporation (NYSE: APC), Cimarex Energy
Co. (NYSE: XEC), Apache Corporation (NYSE: APA), and Southwestern Energy
Company (NYSE: SWN). Private wealth members receive these notes ahead of
publication. To reserve complementary membership, limited openings are
available at:



On March 12, 2014, EPL Oil & Gas, Inc. (EPL) announced that it has signed a
definitive merger agreement with Energy XXI, under which Energy XXI will
acquire all of EPL's outstanding shares for total consideration of $2.3
billion, including the assumption of debt. As a result of the merger, the
Companies expect Energy XXI to become the largest public independent producer
on the Gulf of Mexico shelf. Upon completion of the merger, Energy XXI expects
to have an enterprise value of approximately $6.0 billion. "This merger of the
two premier independent oil producers on the shelf will create an unrivalled
operator," said Gary C. Hanna, Chairman, President and CEO of EPL. "As part of
a larger organization, EPL shareholders will benefit from synergies across the
board, a high-grading of the drilling portfolio and opportunities to expand
across the Gulf of Mexico." The full analyst notes on EPL Oil & Gas, Inc. are
available to download free of charge at:



On March 4, 2014, Anadarko Petroleum Corporation (Anadarko) announced its 2014
capital expectations and guidance. "Our 2014 capital program is again a
prudent and disciplined approach that is within anticipated cash flow. We
expect this capital plan to enable us to increase year-over-year 'same-store'
sales volumes by 6 to 7 percent. Driving this year-over-year growth is an
expected increase in our oil production of approximately 40,000 barrels per
day," said Al Walker, Chairman, President and CEO of Anadarko. "During 2014,
Anadarko expects to drill up to 25 high-potential deepwater exploration/
appraisal wells. Additionally, we plan to continue accelerating value through
active portfolio management and monetizations, as demonstrated by the recently
announced divestiture of our non-operated assets in Bohai Bay, China, and the
closing of our sale of a 10-percent working interest in Mozambique's Offshore
Area 1 to OVL." In 2014, the Company expects capital investments of $8.1
billion to $8.5 billion. The full analyst notes on Anadarko Petroleum
Corporation are available to download free of charge at:



On February 26, 2014, Cimarex Energy Co. (Cimarex) announced that its Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.16 per share. The dividend is payable on June 2, 2014, to stockholders
of record on May 15, 2014. The full analyst notes on Cimarex Energy Co. are
available to download free of charge at:



On March 12, 2014, Apache Corporation (Apache) announced that it has completed
the previously announced sale of its Argentina operations and properties to
YPF Sociedad Anonima for cash payment of $800.0 million plus the assumption of
$52.0 million of bank debt as of June 30, 2013. "This transaction essentially
marks the end of a process that Apache began last year to rebalance its
portfolio to focus on assets in North America that can grow more predictably
combined with international assets that generate substantial free cash flow,"
said G. Steven Farris, Chairman, CEO and President of Apache. The full analyst
notes on Apache Corporation are available to download free of charge at:



On March 5, 2014, Southwestern Energy Company (Southwestern Energy) announced
that its subsidiary Southwestern Energy Production Company has signed an
agreement to purchase approximately 312,000 net acres in northwest Colorado
targeting crude oil, natural gas liquids, and natural gas contained in the
Niobrara formation from Quicksilver Resources Inc. (Quicksilver Resources) and
SWEPI LP (SWEPI) for approximately $180.0 million. Expecting to close the
transaction in Q2 2014, Southwestern Energy noted that it intends to use its
revolving credit facility to finance the acquisition. "This acreage position
covers a substantial area in the Sand Wash Basin - over 50 miles across and
over 20 miles wide - and provides the opportunity for us to leverage our
operational strengths into a new large, scalable project," said Steve Mueller,
President and CEO of Southwestern Energy. The full analyst notes on
Southwestern Energy Company are available to download free of charge at:


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