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Magnum Hunter reports year-end 2014 proved reserves of 83.8 MMBoe


Published Jan 23, 2015
Magnum Hunter Resources Corporation-2

Magnum Hunter Resources Corporation announced an increase of 16.5 MMBoe or a 25% improvement in the quantity of the Company's estimated total proved oil, natural gas and natural gas liquids reserves at December 31, 2014, compared with total proved reserves 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 year-end 2014, discounted at 10%, increased 22% or $163.5 million to $909.3 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)

Magnum Hunter's estimated total proved reserves increased to 83.8 MMBoe (70% natural gas; 66% proved developed producing) at December 31, 2014, compared with 67.3 MMBoe (60% natural gas; 53% proved developed producing) at December 31, 2013.

Tags: Magnum Hunter Resources Corporation




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