SOURCE: World Street Fundamentals

May 23, 2011 09:00 ET

Libya, Japan & Global Outlook -- Industry Report Featuring Chesapeake Energy and Anadarko Petroleum Corporation

HONG KONG--(Marketwire - May 23, 2011) - Today, released its industry report highlighting Chesapeake Energy Corporation (NYSE: CHK) and Anadarko Petroleum Corporation (NYSE: APC). As the Middle Eastern situation continues to press concerns, it brings the potential for destabilizing a geo-strategically important region. Investors from around the world are invited to view fundamental and technical analysis at

With the disruption of exports from Libya and unrest in the Middle East and North Africa, crude oil continues to trend upward. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. As of March, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded by 2.85% in 2010 and sees demand growth of 1.70% in 2011 and 1.94% in 2012. Reflecting new OPEC capacity additions, the EIA estimated that global oil supply increased by 2.5% in 2010 and forecast supply growth of 1.12% in 2011 and 2.49% in 2012.

World Street Fundamentals has highlighted Chesapeake Energy for its 98% drilling success rate and status as the industry's most active drilling program, drilling 1,445 gross operated wells (938 net wells with an average working interest of 65%) and participating in another 1,586 gross wells operated by other companies (211 net wells with an average working interest of 13%). The entire report on Chesapeake Energy Corporation (NYSE: CHK) is available here:

World Street recognized Anadarko Petroleum Corporation for its position as an independent oil and natural gas exploration and production company. As of December 31, 2010, it had 2.4 billion barrels of oil equivalent of proved reserves. Anadarko's portfolio of assets includes positions in onshore resource plays in the Rocky Mountains region, the southern United States and the Appalachian basin. Anadarko operates in three operating segments: oil and gas exploration and production, midstream, and marketing. Oil and gas exploration and production segment explores for and produces natural gas, crude oil, condensate and natural gas liquids (NGLs). The entire report on Anadarko Petroleum Corporation (NYSE: APC) is available here:

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