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Magnum Hunter reports mid-year 2014 proved reserves of 79.8 MMBoe


Published Jul 15, 2014
Magnum Hunter Resources Corporation-2

Magnum Hunter Resources Corporation reported an increase of 7.7 MMBoe or a 10.7% improvement in the quantity of the Company's estimated total proved oil and natural gas reserves at June 30, 2014, compared with total proved reserves just six months ago at December 31, 2013.

The present value of estimated future net cash flows, before income taxes, of the Company's estimated total proved reserves as of mid-year 2014, discounted at 10% (PV-10), increased 10.2% or $84.9 million to $916.3 million, compared with the PV-10 of such reserves at year-end 2013 (information herein regarding the Company's proved reserves and associated PV-10 at year-end 2013 has been adjusted for previously reported divestitures of properties in Canada and Atascosa County, Texas that occurred in early 2014.

Tags: Magnum Hunter Resources Corporation




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