NEW YORK, June 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Exxon Mobil Corporation (NYSE: XOM), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), EQT Corporation (NYSE: EQT), Targa Resources Partners LP (NYSE: NGLS) and CONSOL Energy Inc. (NYSE: CNX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4080-100free.
Exxon Mobil Corporation Analyst Notes
On June 19, 2014, Exxon Mobil Corporation (ExxonMobil) announced that it has commenced construction of a multi-billion dollar ethane cracker that has a capacity of up to 1.5 million tons per year at its Baytown, Texas, complex, as well as associated premium product facilities in nearby Mont Belvieu. The Company stated that the new ethane cracker will provide ethylene feedstock for downstream chemical processing, including processing at two new polyethylene lines at its plastics plant in Mont Belvieu. The Company added that this project will create around 10,000 construction jobs, 4,000 related jobs in nearby Houston communities, and an additional 350 permanent positions at the Baytown complex. According to the Company, construction will begin immediately following the contracts that have been awarded to Linde Engineering North America, Inc. and Bechtel Oil, Gas, and Chemicals, Inc. The full analyst notes on ExxonMobil are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/XOM/report.pdf
Freeport-McMoRan Copper & Gold Inc. Analyst Notes
On June 20, 2014, Freeport-McMoRan Copper & Gold Inc. (Freeport-McMoRan) announced that Freeport-McMoRan Oil & Gas (FM O&G), its oil and gas subsidiary, has completed its previously announced sale of its Eagle Ford Shale assets to a subsidiary of Encana Corporation (Encana). According to the Company, the sale has a cash consideration of $3.1 billion, before closing adjustments from the effective date of April 1, 2014, through the closing date. The Company informed that the Eagle Ford Shale assets include all of FM O&G's interests on approximately 45,500 net acres with estimated net proved reserves that totals to 59 million barrels of oil equivalents (BOE) and estimated net proved and probable reserves of 69 million BOE at year-end 2013. In another announcement on the same day, the Company stated that it expects to complete the acquisition of interests in the Deepwater Gulf of Mexico from Apache on June 30, 2014. The full analyst notes on Freeport-McMoRan are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/FCX/report.pdf
EQT Corporation Analyst Notes
On June 16, 2014, EQT Corporation (EQT) and Range Resources Corporation (Range) announced the completion of the previously announced asset exchange which was announced in late April 2014. The Company stated that in the said asset exchange, EQT received approximately 73,000 net acres and more than 900 producing wells in the Permian Basin of Texas, while Range received approximately 138,000 net acres and the remaining interest in a supporting gathering system in the Nora Field of Virginia, plus additional $145 million cash, less the normal post-closing adjustments. The full analyst notes on EQT are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/EQT/report.pdf
Targa Resources Partners LP Analyst Notes
On June 19, 2014, Targa Resources Partners LP (Targa Resources Partners) and Targa Resources Corp. (TRC) announced that they have previously participated in high-level preliminary discussions about a potential business combination with Energy Transfer Equity, L.P. and certain of its affiliates. The Company added that, however, the said discussions have been terminated and that there are no guarantees if they will resume the discussions or whether there will be any agreements in the future. The full analyst notes on Targa Resources Partners are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/NGLS/report.pdf
CONSOL Energy Inc. Analyst Notes
On June 12, 2014, CONSOL Energy Inc. (CONSOL Energy) announced that together with Noble Energy, Inc. (Noble Energy), its Marcellus Shale joint venture partner, they plan to form a master limited partnership (MLP) to provide midstream gathering services for production from their Marcellus Shale-based jointly owned acreage. Further both companies have caused a draft registration statement on Form S-1 for an initial public offering (IPO) of MLP's units, to be confidentially submitted to the U.S. Securities and Exchange Commission (SEC). The Company stated that following the closing of the IPO, which is expected to be completed late in the third quarter or early in the fourth quarter of 2014, CONSOL Energy and Noble Energy will control the general partner of the MLP, which will own the incentive distribution rights and will collectively own a majority of the limited partner interests of the MLP. The full analyst notes on CONSOL Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/CNX/report.pdf
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