Eureka Hunter Pipeline, LLC, in which Magnum Hunter Resources Corporation owns a substantial equity interest, announced that throughput volumes on Eureka Hunter's gas gathering pipeline system located in West Virginia and Ohio, have now reached a new record of approximately 623,713 MMBtu per day on Friday, March 13, 2015.
Magnum Hunter Management Comments
Mr. Chris Akers, Executive Vice President and Chief Operating Officer of Eureka Hunter, commented, 'The calculated risks and subsequent capital resources we deployed last year into Eureka Hunter to build out the interconnects (now nine) with the various pipelines located within our area of operation, are proving to be a wise decision. Based upon management projections derived from producer volumes anticipated for the remainder of 2015, we are expecting throughput volumes approaching 1.0 Bcf per day on Eureka Hunter by year-end. These dramatic increases in throughput volumes are indicative of the prolific nature of both the Marcellus and Utica Shale plays within this region.'