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Magnum Hunter's Production Doubles

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Magnum Hunter's Production Doubles

Magnum Hunter Resources Corporation has announced financial and operating results for the three months ended March 31, 2014.

First quarter highlights of the Company's financial and operating results include the following:

Oil and gas revenues were $70.2 million for the quarter, a 103% increase over the prior-year quarter Midstream and marketing revenues were $31.6 million for the quarter, a 99% increase over the prior-year quarter Adjusted net loss(a) of ($0.15) per diluted share for the quarter Production from continuing operations of 14,796 BOEPD and adjusted production(b) of 17,241 BOEPD, a 59% increase over the prior-year quarter First dry gas Utica Shale well, the Stalder #3UH, tested at a peak rate of 32.5 MMCF/d (97% methane). This is one of the highest rate Utica Shale wells in…
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