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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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July 31, 2015
17:21 EDTMHRRelational Investors cuts stake in Magnum Hunter to 4.9% from 6.26%
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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.

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