Exploration & Production | Forecast - Production | Capital Markets | Capital Expenditure
Magnum Hunter Sets 2015 Capital Budget at $100MM
Print
|
Magnum Hunter Resources Corporation announced that its Board of Directors has approved a $100 million upstream capital expenditure budget for fiscal year 2015.
Of this amount, the Company has allocated approximately $70 million to its Utica Shale and Marcellus Shale exploration and development drilling program in Ohio and West Virginia, approximately $10 million to its properties in the Williston Basin in North Dakota (substantially all of which are non-operated properties) and approximately $20 million for leasehold acreage acquisitions in the Utica and Marcellus Shale plays. The Company expects this Appalachian focused upstream capital expenditure program to further drive its production volumes and enable it to maintain its projected 2015 average daily production volumes of…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Williston Basin News
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
Exxon Mobil First Quarter 2023 Results
Exxon Mobil Corp. announced its first quarter 2023 results. Highlights: Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…