Operational Updates
Magnum Hunter Discusses 'Crippled' Q3 Appalachian Ops
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Magnum Hunter Resources Corporation has reported results for the third quarter of 2012 and nine months ended September 30, 2012.
Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter Resources, commented, "Our efforts to build the foundation necessary for a significant unconventional resource company continued during the third quarter of 2012. Our production growth, reserve growth and resulting cash flow growth are further substantiated by the recent $115 million increase in the Company's bank borrowing capacity.
"Our Appalachia Division has been crippled all year due to the combination of lower natural gas prices, limited midstream take away capacity, and no gas processing infrastructure for liquids extraction. All of these issues have been worked on…
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