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February 12, 2013
08:12 EDTMHRMagnum Hunter announces operational update, FY13 capex budget
Magnum Hunter Resources announced an operational update on each of the company's upstream unconventional resource plays for Q4 and provided an operational update for the company's midstream division, Eureka Hunter Pipeline. During Q4, the Eagle Ford division placed on production 6 gross operated wells and 1 gross non-operated wells in the Eagle Ford Shale of South Texas. The company's board has approved a capital expenditure budget for FY13 of $300M for upstream activities. Magnum Hunter believes the 2013 capex budget will allow for an estimated 2013 production exit rate of 23,000 Boepd - 25,000 Boepd. This represents an estimated growth rate of 24% - 35% in exit rates when comparing 2013 to 2012.
News For MHR From The Last 14 Days
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May 18, 2015
07:57 EDTMHRTopeka highlights potential E&P takeover targets
Topeka continues to believe that the E&P companies most likely to be acquired are situated in the core areas in the Permian, Eagle Ford, Bakken, Niobrara and Marcellus/Utica. The firm highlights Cabot Oil & Gas (COG), Energen (EGN), Diamondback Energy (FANG), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Magnum Hunter (MHR) and Oasis Petroleum (OAS) as potential takeout targets. It keeps Buy ratings on all the stocks named.
May 14, 2015
10:00 EDTMHROn The Fly: Analyst Downgrade Summary
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07:27 EDTMHRMagnum Hunter downgraded to Hold from Accumulate at KLR Group
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May 11, 2015
07:10 EDTMHRMagnum Hunter reports Q1 adjusted EPS (38c), consensus (32c)
Reports Q1 revenue $55.4M, may not compare to consensus $72.37M. Proved reserves increased 73% in Q1 to 869.2 Bcfe. Reported production of 163.6 MMcfe/d for Q1, a 66% increase over the prior year comparable quarter.

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