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Magnum Hunter Pauses D&C Ops in the Marcellus, Utica
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Magnum Hunter Resources Corporation reported financial and operating results for the three months ended March 31, 2015.
Highlights: Proved reserves increased 73% in first quarter 2015 to 869.2 Bcfe (75% natural gas) Reported production of 163.6 MMcfe/d (27,261 Boe/d) for first quarter 2015, a 66% increase over the prior year comparable quarter First quarter 2015 production mix of 74% natural gas, 13% NGLs and 13% oil Average realized natural gas price for first quarter 2015 was $2.91 per Mcf (a $0.04 positive differential to the average NYMEX price for the period) Recent record throughput volumes on Eureka Hunter Pipeline System of approximately 623,713 MMBtu/d Production costs per Mcfe for first quarter 2015 declined 36% to $0.94, compared to the prior year comparable quarter Adjusted…Finish this article — free account or subscription
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