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Magnum Hunter declares first quarter 2015 production results


Published Apr 16, 2015
Magnum Hunter Resources Corporation-2

Magnum Hunter Resources Corporation says that the Company's oil and gas production increased ~66% for the three months ended March 31, 2015 to ~14.7 Bcfe (~2.5 million Boe) or an average of ~163.6 MMcfe (~27,261 Boe) per day (74% natural gas, 13% oil and 13% NGLs), compared with production of ~8.9 Bcfe (~1.5 million Boe) or an average of ~98.6 MMcfe (~16,433 Boe) per day (56% natural gas, 29% oil and 15% NGLs) for the three months ended March 31, 2014.

The increase in production was attributable primarily to the Company's expanded 2014 drilling program in its core areas of operations and production results from the Marcellus and Utica Shale plays.

During the first quarter of 2015, Eureka Hunter Pipeline, LLC (Eureka Hunter) completed four new pipeline interconnects. This brings the total active interconnects on the Eureka Hunter system to nine. Eureka Hunter realized significant increases in the throughput volumes on its gathering system in the first quarter of 2015.

Tags: Magnum Hunter Resources Corporation




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