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

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]

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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]

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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]

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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]

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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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SOURCE Investors' Reports