Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Magnum Hunter Hits 100% Well Success Rate in Q4; Touts Revenues
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Magnum Hunter Resources Corporation has reported financial and operating results for the three months and twelve months ended December 31, 2013.
Highlights: Oil and gas revenues increased 64% to $59.4 million for the fourth quarter of 2013, compared with revenues of $36.1 million for the fourth quarter of 2012 Midstream and marketing revenues increased 595% to $18.2 million for the fourth quarter of 2013, compared with revenues of $2.6 million for the fourth quarter of 2012 Adjusted EBITDAX for the fourth quarter of 2013 and full year 2013 were $37.0 million and $112.4 million, an increase of 54% and 48%, respectively Adjusted net loss of ($0.14) per diluted share is reported for the fourth quarter of 2013 Production of 11,298 BOEPD and adjusted production of 15,386 BOEPD for the…- ✓ Full news archive — U.S., Canada & international coverage
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