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Stock Market & Financial Investment News

News Breaks
April 12, 2013
16:21 EDTMHRMagnum Hunter midstream subsidiary experiences flash fire
Magnum Hunter Resources (MHR) announced that the company's midstream subsidiary, Eureka Hunter Pipeline, experienced a flash fire yesterday evening at a "pig receiving station" located in Tyler County, West Virginia. The initial reports indicate that the fire was fueled by natural gas liquids that ignited in tanks during pipeline pigging operations, but was limited to above ground facilities. The pipeline did not rupture and, according to initial inspection, was completely unaffected by the fire. The fire was extinguished by local responding fire department personnel. As a safety precaution, a portion of the Eureka Hunter pipeline system has been shut-in which has in turn affected approximately 2,170 BOEPD of production from wells owned and operated by Triad Hunter, a wholly-owned subsidiary of Magnum Hunter, in the region. These wells will be turned back to production upon finishing the safety inspection and receiving approval of the investigation authorities. Three people employed by third party contractors were injured as a result of the accident and taken to hospitals. The extent of all of their injuries is unknown at this time. The company has notified the proper authorities and is investigating the cause of the accident. Additional details will be released as they become available.
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September 16, 2014
07:07 EDTMHRMagnum Hunter announces partnership with Morgan Stanley Infrastructure
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07:01 EDTMHRMorgan Stanley Infrastructure to acquire co-control ownership of Eureka Hunter
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