Magnum Hunter Details Multi-Shale Reserve Analysis
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Magnum Hunter Resources Corporation has reported that its combined estimated proved, probable and possible reserves (3P Reserves) were 119.3 MMBoe and its estimated contingent resources were an additional 728.9 MMBoe as of June 30, 2013.
Magnum Hunter's 3P Reserves at June 30, 2013 were prepared by a third-party engineering consultant, Cawley Gillespie & Associates Inc., and include the Marcellus and Williston Basin/Bakken/Sanish Shale reserves, however, no Utica Shale reserves were included. The contingent resource estimate is an internal analysis prepared by Magnum Hunter that includes the Company's Utica Shale potential on its vast lease acreage holdings.
The Williston Basin/Bakken/Sanish Shale and Marcellus Shale probable and possible reserves were estimated at 49.8 MMBoe and 11.7…
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