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Magnum Hunter Shifts Focus to Natural Gas
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Magnum Hunter Resources Corporation has announced financial and operating results for the three and nine months ended September 30, 2014.
Highlights of the Company's financial and operating results for the third quarter:
Oil and gas revenues for the quarter were $62.5 million, a 5.8% increase compared with the prior year third quarter Adjusted EBITDAX(a) for the quarter was $34.1 million, a 7% increase compared with the prior year third quarter Adjusted net loss(a) for the quarter of ($32.0) million and ($0.16) per diluted share Production from continuing operations of 98,166 MCFEPD (16,361 BOEPD) and adjusted production(b) of 147,558 MCFEPD (24,593 BOEPD) Proceeds from divestitures of non-core assets completed year-to-date have exceeded $200 million Throughput volumes on the Eureka…Finish this article — free account or subscription
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