NEW YORK, June 24, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Devon Energy Corporation (NYSE: DVN), Diamondback Energy, Inc. (NASDAQ: FANG), Murphy Oil Corporation (NYSE: MUR), Laredo Petroleum Holdings, Inc. (NYSE: LPI), and PDC Energy, Inc. (NASDAQ: PDCE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Devon Energy Corporation Research Report
On June 10, 2013, Devon Energy Corporation (Devon Energy) announced the promotion of two of its corporate officers. David A. Hager has been appointed to the position of Chief Operating Officer and will be responsible for all operating areas and related corporate functions. Since 2009, Hager served as the Executive Vice President of Exploration and Production at Devon Energy, after serving as a member on the Company's Board of Directors since 2007. Further, Tony Vaughn was promoted to the position of Executive Vice President of Exploration and Production. Vaughn will report to Hager and will be responsible for all of Devon Energy's oil and natural gas exploration, drilling, and production operations. Vaughn was previously the Company's Senior Vice President of Exploration and Strategic Services. The Full Research Report on Devon 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/eac1_DVN]
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Diamondback Energy, Inc. Research Report
On June 19, 2013, Diamondback Energy, Inc. (Diamondback) announced the pricing of the underwritten public offering of 6 million shares of its common stock by certain selling stockholders, at a price of $34.75 per share. The share offering represents a 1 million share upsize to the originally proposed 5 million share offering. The underwriters can choose to purchase up to an additional 869,222 shares from the selling stockholders at the public offering price. Diamondback expects the offering to close on June 24, 2013, subject to customary closing conditions. Credit Suisse Securities LLC is acting as the sole book-running manager for the offering. The Full Research Report on Diamondback Energy, Inc. - 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/454f_FANG]
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Murphy Oil Corporation Research Report
On June 7, 2013, Murphy Oil Corporation (Murphy) announced through its subsidiary, Murphy Australia WA-408-P Oil Pty Ltd. (Murphy Australia), the well results of the non-operated Bassett West-1 well in the Browse basin offshore Western Australia. According to Murphy Australia, the Bassett West-1 well encountered over 20 feet of net gas condensate pay. The Company stated that further technical assessment will be performed to evaluate the potential for improved reservoir development across this large structure. The accumulation found in the wellbore is non-commercial and the Company expects to expense the well in Q2 2013. Murphy reported that it holds a 20% working interest in block WA-408-P. The Full Research Report on Murphy 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/f920_MUR]
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Laredo Petroleum Holdings, Inc. Research Report
On June 13, 2013, Laredo Petroleum Holdings, Inc. (Laredo) announced that it has appointed Mr. Jay P. Still as the Chief Operating Officer (COO) and as a member of the Company's Board of Directors, effective July 8, 2013. Mr. Still recently resigned as the Executive Vice President of Domestic Operations at Pioneer Natural Resources and will replace Jerry R. Schuyler, who will retire from Laredo in 2014. Mr. Schuyler has agreed to be available to the Company for consultation until his retirement to ensure a smooth transition. As the new COO, Mr. Still will be responsible for all development activity. He will also be coordinating together with the Company's Chairman and CEO, Randy A. Foutch and Chief Financial Officer, Richard C. Butterbaugh as they will be jointly responsible for key decisions in areas of corporate strategy and capital allocation. The Full Research Report on Laredo Petroleum Holdings, Inc. - 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/1b79_LPI]
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PDC Energy, Inc. Research Report
On June 19, 2013, PDC Energy, Inc. (PDC Energy) announced that it has completed the sale of its non-core Colorado natural gas assets on June 18, 2013. The assets were sold to Caerus Oil and Gas LLC for approximately $185 million in net proceeds, subject to customary post-closing adjustments. Pursuant to the purchase and sale agreement, the transaction was given economic effect as of January 1, 2013. The Company stated that the non-core Colorado assets sold were approximately 99% natural gas in terms of reserves and included an estimated 85 billion cubic feet equivalent of net proved developed producing reserves as of December 31, 2012. In Q1 2013, the assets reportedly produced approximately 40 million net cubic feet of natural gas equivalent per day. "We expect to fund our 2013 capital program with the proceeds from the sale and internally generated cash flow," said James Trimble, President and CEO of PDC Energy. The Full Research Report on PDC Energy, Inc. - 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/0b7c_PDCE]
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SOURCE Wall Street Reports