Interim Results, Production Volumes, Divestitures, and M&As to Yield More Value for Oil & Gas Shareholders - Research Report on Marathon Petroleum, Range Resources, Forest Oil, SM Energy, and EXCO

NEW YORK, July 19, 2013 /PRNewswire/ --

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

Today, Investors' Reports announced new research reports highlighting Marathon Petroleum Corporation (NYSE: MPC), Range Resources Corporation (NYSE: RRC), Forest Oil Corporation (NYSE: FST), SM Energy Company (NYSE: SM), and EXCO Resources Inc. (NYSE: XCO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Marathon Petroleum Corporation Research Report

On July 15, 2013, Marathon Petroleum Corporation (Marathon Petroleum) announced that it expects to report Q2 2013 earnings in the range of $570 million to $600 million, or $1.75 to $1.85 per diluted share, compared with earnings of $814 million, or $2.38 per diluted share, in Q2 2012. Marathon Petroleum reported that its Q2 2013 results include after-tax charges of approximately $39 million, or $0.12 per share, related to pension settlement expenses compared with approximately $53 million, or $0.15 per share, in Q2 2012. The Company also reported that it expects Q2 2013 Refining and Marketing segment results to be negatively impacted by a number of factors, including lower crude oil price differentials and product realizations compared to spot market values, which the Company believes were impacted by the Renewable Fuels Standard. Marathon Petroleum is scheduled to host a conference call on August 1, 2013 at 10:00 a.m. EDT to provide an update on its operations and to discuss Q2 2013 financial results, which will be released earlier that day. The Full Research Report on Marathon Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-17/MPC]

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Range Resources Corporation Research Report

On July 11, 2013, Range Resources Corporation (Range Resources) announced its Q2 2013 production volumes, which reached a record high of 910 million cubic feet of gas equivalent (Mmcfe) per day, up 27% YoY. Range Resources reported that its production was 79% natural gas, 15% natural gas liquids (NGLs), and 6% crude oil and condensate. Jeff Ventura, President and CEO of Range Resources, said, "Second quarter production results were outstanding and reflect the continuing efforts of our operating and marketing teams. The success of our drilling program over the first half of the year puts us on track to achieve the high-end of our production growth target of 20% to 25% for 2013. More importantly, our sizable position in the Marcellus Shale gives us confidence that we can deliver similar line-of-sight growth of 20% to 25% for many years. We believe this strong growth, coupled with high returns, low cost and low reinvestment risk will allow Range to drive substantial growth per share for our shareholders for years to come." The Full Research Report on Range Resources Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-17/RRC]

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Forest Oil Corporation Research Report

On July 15, 2013, Forest Oil Corporation (Forest Oil) announced that its Board of Directors has determined that the Company will initiate a marketed process to pursue the sale of its assets. The Board's decision came after receiving unsolicited proposals from third parties interested in acquiring the Company's assets. Forest Oil reported that it has retained J.P. Morgan Securities LLC to assist in the marketing efforts. The Company stated that it intends to use any proceeds from a potential sale to reduce debt and enhance financial flexibility. The Full Research Report on Forest Oil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-17/FST]

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SM Energy Company Research Report

On July 10, 2013, SM Energy Company (SM Energy) announced that it has engaged an advisor to market all of its properties in the Anadarko Basin, which includes the Company's Granite Wash interests. SM Energy reported that the production from the assets represents slightly over 9,000 barrels of oil equivalent (BOE) per day (75% natural gas), which is approximately 8% of the Company's total production in the first quarter of 2013. SM Energy also reported that its Anadarko Basin assets include approximately 56,000 net mineral acres. The Full Research Report on SM Energy Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-17/SM]

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EXCO Resources Inc. Research Report

On July 12, 2013, EXCO Resources Inc. (EXCO) announced that it has successfully closed its acquisition of producing and undeveloped oil and gas assets in the Haynesville shale formation (Haynesville) from subsidiaries of Chesapeake Energy Corporation. The Company reported the total consideration of this acquisition to be approximately $288 million in cash, subject to customary post-closing purchase price adjustments. EXCO also reported that the acquisition was financed under the Company's existing credit agreement. The Company stated that the Haynesville acquisition is subject to an affiliate of BG Group plc.'s preferential right to acquire 50% of the Haynesville properties. The Full Research Report on EXCO Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-17/XCO]

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SOURCE Investors' Reports