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Stock Market & Financial Investment News

News Breaks
December 28, 2012
08:09 EDTMHRMagnum Hunter announces significant Eagle Ford Shale results
Magnum Hunter Resources announced production results from two new Eagle Ford Shale wells operated by the company. Both wells went on production December 22. The Rhino Hunter #1 located in Lavaca County, Texas is producing approximately 2,033 barrels of oil per day and 1,113 mcf of natural gas, or 2,218 boe/d, on a 16/64" choke. Magnum Hunter owns approximately 48% working interest in the Rhino Hunter #1. The Zebra Hunter #1 is also located in Lavaca County, Texas and is producing approximately 1,995 barrels of oil per day and 898 mcf of natural gas, or 2,145 boe/d, on a 16/64" choke. Magnum Hunter owns approximately 45% working interest in the Zebra Hunter #1.
News For MHR From The Last 14 Days
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July 24, 2015
08:19 EDTMHRMagnum Hunter announces dismissal of last remaining stockholder lawsuit
Magnum Hunter announced that the 125th District Court of Harris County, Texas dismissed the last remaining stockholder derivative case against certain of the company's officers and directors filed alleging certain breaches of fiduciary duties and other matters in connection with the dismissal by the company of its independent registered public accounting firm in spring 2013. All of the shareholder lawsuits relating to these allegations have now been dismissed, and no cash settlements of any form have been paid by the company or any of the company's insurance carriers in connection with these lawsuits.
July 17, 2015
17:29 EDTMHRRelational Investors cuts stake in Magnum Hunter to 6.26% from 8.5%

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