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Stock Market & Financial Investment News

News Breaks
January 23, 2013
08:20 EDTMHRMagnum Hunter says proved reserves up 63% to 73.1M Boe
Magnum Hunter Resources announced a 63% increase in the quantity of the company's estimated total proved oil and gas reserves at December 31, 2012 as compared to last year. Magnum Hunter's total proved reserves increased by 28.2M barrels of oil equivalent, or Boe, to 73.1M Boe, including 62.9% crude oil and ngls; 52% proved developed producing, at December 31, 2012 as compared to 44.9M Boe, including 48% crude oil and ngls; 51% proved developed producing, at December 31, 2011. The present value of estimated future cash flows, before income taxes, of the company's estimated total proved reserves as of year-end 2012, discounted at 10%, also increased 59% to $981.2M as compared to one year ago. The company's reserve life based on current production is approximately 10.8 years.
News For MHR From The Last 14 Days
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February 20, 2015
07:01 EDTMHRMagnum Hunter completes testing of new wells on WVDNR Pad
Magnum Hunter announced that the company's four new 100% owned WVDNR Pad wells located in Wetzel County, West Virginia have all been recently placed on production after several weeks of testing. Currently, all seven of the company's 100% owned Marcellus Shale wells, which included three previously shut-in wells, on the WVDNR Pad are flowing to sales. The WVDNR Pad is currently producing approximately 35 MMcfe per day.
February 17, 2015
07:18 EDTMHRMagnum Hunter approves $100M upstream capital expenditure budget for FY15
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