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Magnum Hunter Using Long Laterals in Williston Basin

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Magnum Hunter Using Long Laterals in Williston Basin

Magnum Hunter announces Marcellus and Utica First Quarter Operations Update

Williston Basin

During the first quarter of 2014, the Company participated in the drilling of 4 gross (0.7 net) non-operated wells in the Bakken/Three Forks Sanish formations in North Dakota.

During the first quarter:

(i) one operated one-mile lateral well was completed in the Middle Bakken formation, with an average IP 24-hour rate of 223 Boe/d and an average IP 30-day rate of 186 Boe/d at a 35% water cut,  (ii) four non-operated two-mile lateral wells were completed in the Middle Bakken formation, with an average IP 24-hour rate of 534 Boe/d and an average IP 7-day rate of 452 Boe/d,  (iii) one non-operated three-mile lateral well was completed in the Middle Bakken formation, with an average IP 24-hour rate of…
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