MACAU -- (Marketwire) -- 07/06/11 -- Today, www.EquityMarketsInc.com announced its research report highlighting Apache Corporation (NYSE: APA) and EOG Resources, Inc. (NYSE: EOG). Full content and research is available at www.EquityMarketsInc.com/research.php.
Recent world events directly affect the crude oil exports; the trend for this industry remains upward. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. The recent surge in foreign investment entering North American onshore unconventional resources such as oil sands has kept M&A markets strong and placed upward pressure on industry valuations. The EIA estimated that natural gas consumption rose 5.7% in 2010. The EIA estimates that natural gas consumption will increase 0.5% in 2011 and 0.7% in 2012.
Equity Markets has reviewed Apache Corporation as an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. As of December 31, 2010, it had exploration and production interests in seven countries: the United States, Canada, Egypt, Australia, offshore the United Kingdom in the North Sea, Argentina, and Chile. During the year ended December 31, 2010, it participated in drilling 904 gross wells. On November 4, 2010, the Company completed the acquisition of BP plc's (BP) assets in Egypt's Western Desert. The full research report on Apache Corporation (NYSE: APA) is available here: www.EquityMarketsInc.com/researchfile4634.php.
Equity Markets is covering EOG Resources, Inc. as it explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, and The People's Republic of China. As of December 31, 2010, EOG's total net reserves were 1,950 million barrels of oil equivalent (MMBoe), of which 386 million barrels (MMBbl) were crude oil and condensate reserves, 152 MMBbl were natural gas liquids reserves and 8,470 billion cubic feet (Bcf) were natural gas reserves. The full research report on EOG Resources, Inc. (NYSE: EOG) is available here: www.EquityMarketsInc.com/researchfile4891.php.
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