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Stock Market & Financial Investment News

News Breaks
January 2, 2013
08:21 EDTMHRMagnum Hunter expands Marcellus and Utica leasehold position in Ohio
Magnum Hunter announced a new Joint Operating Agreement with Eclipse Resources, a privately-held company headquartered in State College, Pennsylvania. The contract area covers an existing mineral leasehold position currently owned by both companies in the Marcellus Shale and Utica Shale Formations located in Monroe County, Ohio. Terms of the new Agreement include Magnum Hunter's wholly-owned subsidiary, Triad Hunter and Eclipse, collectively working together within the contract area on an equal and joint basis on approximately 1,950 net mineral acres with the objective of drilling approximately twelve horizontal wells in the Marcellus Shale and twelve horizontal wells in the Utica Shale over the next three years. It is estimated that the total combined capital costs associated with this development effort in the contract area will exceed $200M.
News For MHR From The Last 14 Days
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March 16, 2015
07:23 EDTMHRMagnum Hunter announces Eureka Hunter throughput volume of 623,713 MMBtu per day
Eureka Hunter Pipeline, in which Magnum Hunter owns a substantial equity interest, announced that throughput volumes on Eureka Hunter's gas gathering pipeline system located in West Virginia and Ohio, have now reached a new record of approximately 623,713 MMBtu per day on Friday, March 13.

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