Gas Utilities Acreage Updates and Agreements - Research Report on EQT, Sempra, TransCanada, AGL Resources, and Laclede Group
NEW YORK, June 11, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting EQT Corporation (NYSE: EQT), Sempra Energy (NYSE: SRE), TransCanada Corporation (NYSE: TRP), AGL Resources Inc. (NYSE: GAS), and The Laclede Group, Inc. (NYSE: LG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
EQT Corporation Research Report
On May 31, 2013, EQT Corporation (EQT) released updated information, including increased estimated ultimate recovery (EUR) rates, estimated drilling locations, and projected type curves, for its core Marcellus acreage in southwestern and central Pennsylvania, and northern West Virginia. In southwestern Pennsylvania, the Company reported that it holds approximately 95,000 acres, which includes Greene, Washington, and Allegheny Counties. Utilizing reduced cluster spacing on at least 90% of the wells, EQT expects 1,080 well locations throughout the region. In central Pennsylvania, EQT stated that it will focus near-term dry gas development on approximately 80,000 acres in Armstrong, Clarion, Jefferson, Elk, Cameron, Clearfield, and Tioga Counties. The Company expects to use reduced cluster spacing on 100% of the wells, which will yield at least 727 well locations. In northern West Virginia, the Company reportedly holds approximately 90,000 acres across the counties of Doddridge, Wetzel, Ritchie, and Tyler. EQT expects to use reduced cluster spacing on 100% of the wells, which will yield at least 1,065 well locations. The Full Research Report on EQT 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/0a5f_EQT]
Sempra Energy Research Report
On May 30, 2013, the employees of Sempra Energy (Sempra) and the Sempra Energy Foundation pledged approximately $60,000 in disaster-relief assistance funds to Oklahoma tornado victims. The donation includes $25,000 in matching funds from the Sempra Energy Foundation. The funds will be directed through the American Red Cross National Relief Fund. "We hope that this donation will provide timely assistance to many of those who were impacted by the devastating tornadoes near Oklahoma City," said Joseph A. Householder, Chairman of the Sempra Energy Foundation. Also, on the same date, the Board of Directors of San Diego Gas & Electric (SDG&E), Sempra's subsidiary, declared regular quarterly dividends for the preferred and preference series stock of the Company. The dividends are payable on July 15, 2013 to shareholders of record at the close of business on June 10, 2013. The Full Research Report on Sempra Energy - 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/0329_SRE]
TransCanada Corporation Research Report
On May 15, 2013, TransCanada Corporation (TransCanada) announced that it has entered into agreements to sell a 45% interest in each of Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC (Bison) to TC Pipelines, LP for an aggregate purchase price of $1.1 billion, which includes $146 million for 45% of GTN's debt. TransCanada expects the sale to close in July 2013 and is subject to regulatory approvals and certain closing conditions. "The proceeds from the sale of a 45 per cent interest in both GTN and Bison will contribute to funding a portion of TransCanada's capital program that includes $26 billion of commercially-secured projects," said Russ Girling, President and CEO of TransCanada. "The transaction demonstrates one of the many funding options available to TransCanada to finance our current capital commitments." Upon completion of the transaction, TransCanada, through its subsidiaries, will continue to hold an approximately 30% direct ownership interest in both pipelines. The Full Research Report on TransCanada 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/4dc0_TRP]
AGL Resources Inc. Research Report
On May 29, 2013, AGL Resources Inc. (AGL Resources) announced a new corporate identity for Nicor National as part of a comprehensive rebranding of its non-regulated retail services business. Nicor National will now be known as Pivotal Home Solutions. This major initiative for AGL Resources' retail service business aligns the name and logo within the AGL Resources enterprise and brands the Company under a name that emphasizes the role it plays in keeping a home's vital systems and appliances safe and reliable, while representing the Company's current and future product offerings. "Given our recent acquisition, which virtually doubled our size and expanded our service territory, this is an opportune time to introduce a new branding strategy that aligns with the pivotal role we play in helping our customers protect their home investments," Robin Boren, President of Pivotal Home Solutions. The Full Research Report on AGL Resources 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/0a20_GAS]
The Laclede Group, Inc. Research Report
On May 31, 2013, The Laclede Group, Inc.'s (Laclede Group) subsidiary, Laclede Gas, announced that its customers will continue to pay the same amount paid currently for natural gas service if the Missouri Public Service Commission (MoPSC) approves an agreement reached by Laclede and other parties to its general rate case filed in December 2012. The agreement filed with the MoPSC incorporates into the Company's general rates $14.8 million in annual revenue that is already included in customer bills for costs supporting pipeline safety upgrades. "This agreement enables us to fulfill these obligations with a fair and reasonable compromise of the general rate case," said Suzanne Sitherwood, President and CEO of Laclede Group. The Full Research Report on The Laclede Group, 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/6e81_LG]
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SOURCE Wall Street Reports
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