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Stock Market & Financial Investment News

News Breaks
June 23, 2014
07:09 EDTMHRMagnum Hunter announces joint development venture
Magnum Hunter Resources announced the formation of a new joint venture under a Joint Operating Agreement with EM Energy Ohio. The contract area covers an existing mineral leasehold position currently owned by both companies which includes collectively approximately 1,080 net acres in the Marcellus Shale and Utica Shale Formations located in Washington County, Ohio. Terms of the new Agreement include Magnum Hunter's wholly-owned subsidiary, Triad Hunter, and EdgeMarc, collectively working together within the contract area on two units in Washington County, Ohio, the Merlin Pad and the Haynes Pad. Later this year, the company said it will spud the Haynes Pad, which includes approximately 460 mineral acres in an area where both the Marcellus and Utica shales should be productive. Magnum Hunter and EdgeMarc plan to initially drill one Marcellus and one Utica Shale well on this pad later this year.
News For MHR From The Last 14 Days
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August 24, 2015
12:20 EDTMHREnergy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says
Energy Transfer Equity (ETE) is making a bid to acquire Magnum Hunter Resources' (MHR) stake in the Eureka Hunter Pipeline, Bloomberg reports, citing people with knowledge of the matter. The approximately 46% stake may be worth as much as $600M, the report says. Reference Link
12:02 EDTMHREnergy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says
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August 14, 2015
17:37 EDTMHRRelational Investors gives quarterly update on stakes
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