Magnum Hunter Resources Corporation has closed on the acquisition of 1,885 net mineral acres located in Atascosa County, Texas for approximately $2.35 million, implying a net per acre cost of $1,246.

With this acquisition, the Company now has approximately 7,278 gross acres and 5,212 net acres located in Atascosa County, Texas.

The acquired acreage has both Eagle Ford Shale and Pearsall Shale potential and gives the Company approximately 10 additional net drilling locations in the Pearsall Shale and 10 - 13 additional net drilling locations in the Eagle Ford Shale.

Tags: Magnum Hunter Resources Corporation