Magnum Hunter Resources Company News

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As US Shale Drillers Suffer, Even The Bankrupt Keep Pumping Oil
As oil prices nosedived by two-thirds since 2014, a belief took hold in global energy markets that for prices to recover, many US shale producers would first have to falter to allow markets to rebalance.
8:00 PM EST | March 31, 2016
Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure
In 2015, the fracking outfits that dot America's oil-rich plains throw everything they had at $50-a-barrel crude.
7:00 PM EST | December 27, 2015
Magnum Hunter Latest Oil Producer To Seek Bankruptcy
Magnum Hunter and its affiliates file for Chapter 11 bankruptcy protection to carry out a debt-cutting plan as a prolonged slump in oil prices has depleted the company's cash.
7:00 PM EST | December 14, 2015
Drillsearch Raises Stake in Takeover Target Ambassador Oil & Gas to 60.13%
Drillsearch Energy raised its interest in Ambassador Oil & Gas to 60.13 percent.
8:00 PM EST | August 26, 2014
Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.
8:00 PM EST | August 13, 2014
Ambassador Withdraws Recommendation to Accept Drillsearch Acquisition Offer
Ambassador Oil and Gas withdraws recommendation to shareholders to accept a revised offer by Drillsearch to acquire the firm after Magnum Hunter countered with an improved bid.
8:00 PM EST | June 18, 2014
Magnum Hunter Answers Back With Improved Ambassador Bid
In an attempt to trump a new takeover offer from Drillsearch Energy, US-based Magnum Hunter has lifted its bid for Australian explorer Ambassador Oil and Gas.
8:00 PM EST | June 16, 2014
Ambassador Receives Second Takeover Bid
After receiving a takeover offer from Drillsearch Energy in May, Australia's Ambassador Oil and Gas has now become a target for Magnum Hunter Resources.
8:00 PM EST | June 09, 2014
NSE Appoints Magum Hunter's H.C. Kip Ferguson as Non-Executive Director
New Standard Energy appoints executive vice president of exploration of Magnum Hunter Resources Corp. H.C. Kip Ferguson III as a non-executive director.
7:00 PM EST | February 11, 2014
New Standard Energy's Shareholders Approve PEL 570 Farm-in Deal
Ambassador Oil and Gas announces that New Standard Energy's shareholders have approved the farm-in of a 52.5 percent stake in the firm's PEL 570 exploration permit in Cooper Basin, South Australia.
7:00 PM EST | January 20, 2014
Ambassador Farms Out 52.5% Interest in PEL 570 to New Standard Energy
Ambassador Oil and Gas farms out 52.5 percent interest in petroleum exploration permit 570 in the Cooper Basin in South Australia to New Standard Energy.
7:00 PM EST | December 10, 2013
Magnum Hunter Spuds Monroe Country, Ohio Well
Magnum Hunter spuds its first Stalder Pad well in Ohio.
8:00 PM EST | July 01, 2013
Drilling Commences at Magnum Hunter's First Utica Well
Magnum Hunter announces the commencement of drilling its first Utica Shale well on the Farley Pad (4 Well Pad) located in northern Washington County, Ohio.
8:00 PM EST | April 11, 2013
Penn Virginia Acquires Magnum Hunter's Assets in Eagle Ford Play
Penn Virginia and Magnum Hunter finalize a $400 million agreement over shale mineral acres in south Texas.
8:00 PM EST | April 02, 2013
Magnum Hunter to Drill Additional Utica Wells in 2013
Magnum Hunter Resources intends to drill a minimum of four Utica test wells in Ohio this year.
7:00 PM EST | January 22, 2013
Magnum Hunter Extends Footprint in Ohio
Magnum Hunter Resources Corporation announced a new Joint Operating Agreement with Eclipse Resources.
7:00 PM EST | January 01, 2013
Magnum Hunter to Acquire Williston Acreage, Wells
Magnum Hunter has entered into a definitive purchase agreement to acquire existing wells and net Williston Basin lease acres located in Divide County.
7:00 PM EST | November 25, 2012
Magnum Hunter Shuts In Kentucky Wells
Magnum Hunter Resources shuts in 1.7 MMcf/d of production from 400 natural gas wells in Kentucky due in part to low natural gas prices.
8:00 PM EST | September 25, 2012
Magnum Hunter: Appalachia Production Remains Curtailed
Magnum Hunter Resources provides a status update on its shut-in production in the Appalachia region from a severe thunderstorm that hit the area almost two weeks ago.
8:00 PM EST | July 11, 2012
Magnum Hunter Restarts Production at Appalachia Wells after Storm
Magnum Hunter has brought approximately 70% of the Appalachia wells back online and anticipates the remaining shut-in production to be back in service over the next 5 days.
8:00 PM EST | July 01, 2012
Magnum Hunter Finalizes Utica Shale Acquisition
Magnum Hunter Resources has closed on the acquisition of leasehold mineral interests located predominately in Noble County, Ohio.
7:00 PM EST | February 16, 2012
Magnum Hunter's Daily Production Rate Up 455%
Magnum Hunter Resources raises its production expectations for 2011 and 2012 due to gains from the completion of new wells.
7:00 PM EST | December 26, 2011
Magnum Hunter Ramps Production in 3Q11
Williston Hunter's successful efforts to restore weather related lost production volumes, complete previously drilled wells, and put on line newly drilled wells, increased total production during the third quarter of fiscal year 2011.
8:00 PM EST | October 19, 2011
Magnum Hunter All Smiles over 3Q11 Operations
"During the third quarter of fiscal year 2011, the Appalachian Division drilled, completed and tested three very successful liquids-rich Marcellus Shale wells on our Northwestern West Virginia lease acreage," said Mr. Jim Denny.
8:00 PM EST | October 12, 2011
Magnum Hunters Shuffles Management
Magnum Hunter announced the election of Mr. Stephen C. Hurley to the Company's Board of Directors, effective October 1, 2011.
8:00 PM EST | October 02, 2011
Magnum Hunter Closes Expanded Credit Facilities
Magnum Hunter has closed on the previously announced expansion of its Senior Bank Credit Facilities in the amount of $267.5 million.
8:00 PM EST | September 28, 2011
Magnum Hunter Updates Activities in Eagle Ford Play
Magnum Hunter provided a drilling, operational, and production update on the Company's activities in the oil-window of the Eagle Ford Shale unconventional resource play.
8:00 PM EST | September 19, 2011
Magnum Hunter: Proposed Acquisition in Williston Basin Did Not Close
Magnum Hunter announced that the proposed acquisition by its wholly owned subsidiary, Williston Hunter, from Eagle did not close yesterday due to unresolved issues between the parties.
8:00 PM EST | August 18, 2011
Magnum Hunter Closes Credit Facility for Eureka Hunter Pipeline
The proceeds from the Revolver and the Term Loan will be used to finance capital expenditures for the construction of the Eureka Hunter Pipeline system located in northern West Virginia and Ohio.
8:00 PM EST | August 16, 2011
Magnum Hunter Acquires Acreage in Williston Basin
Magnum Hunter has entered into a PSA with a privately-held company for all of its operated working interest ownership in O&G mineral leases and 191 wells within the Williston Basin.
8:00 PM EST | August 04, 2011
Magnum Hunter Makes Management Changes in Finance Dept.
Magnum Hunter announced several management changes in the Company's finance department.
8:00 PM EST | July 26, 2011
Magnum Hunter Buys New Rigs
Magnum Hunter announced that the Company's Appalachian Basin Division has acquired two new 2011 Schramm T200XD trailer mounted hydraulic drilling rigs.
8:00 PM EST | July 14, 2011
Magnum Hunter Sees 133% Increase in Reserves
Magnum Hunter announced a 133% increase in the quantity of the Company's estimated total proved reserves at June 30, 2011 as compared to December 31, 2010.
8:00 PM EST | July 13, 2011
Magnum Hunter Names VP of Finance
Magnum Hunter announced the appointment of Mr. Mark H. Wolf as Vice President of Finance for the Company.
8:00 PM EST | July 10, 2011
Magnum Acquires Marcellus O&G Properties
Magnum has executed a definitive agreement and closed on the acquisition of oil and gas properties and leasehold mineral interests located in Wetzel County.
8:00 PM EST | April 07, 2011
Magnum Hunter's Production Soars in 2010
Magnum Hunter reported a substantial growth in reserves of 116% and a 113% increase in production.
7:00 PM EST | February 17, 2011
Magnum Hunter to Buy NuLoch Resources for $327MM
Magnum Hunter has entered into a definitive agreement to acquire Williston Basin focused NuLoch Resources for approximately $327MM.
7:00 PM EST | January 18, 2011
Magnum Hunter 'Improves Overall Results' in Eagle Ford Shale Play
Magnum Hunter provided a second drilling and operational update its activities in the Eagle Ford Shale resource play located across approximately 50,000 gross acres predominately in Atascosa, Gonzales, and Lavaca Counties of Central and South Texas.
7:00 PM EST | January 10, 2011
Magnum Hunter to Buy Marcellus O&G Properties
Magnum Hunter has executed a definitive agreement to acquire oil and gas properties and leasehold mineral interests located in Wetzel and Lewis Counties, West Virginia.
7:00 PM EST | December 26, 2010
Magnum Hunter to Acquire NGAS Resources
Magnum Hunter has entered into a definitive agreement to acquire NGAS Resources for approximately $98MM in common stock and assumed liabilities.
7:00 PM EST | December 26, 2010
Magnum Hunter Highlights Marcellus Drilling Ops
Magnum Hunter provided a horizontal drilling update on its upstream operations in the Marcellus Shale resource play.
7:00 PM EST | December 22, 2010
East Chalkley Drilling Delayed
Australia-based, U.S.-focussed oil and gas exploration and production company, Target Energy has advised that, in regard to the planned drilling of the Pine Pasture #3 well at its East Chalkley oil field, it has now been notified by the field operato
7:00 PM EST | November 14, 2010
Magnum Charges Ahead in Eagle Ford Play
Magnum provided a drilling and operational update on the activities in the Eagle Ford Shale resource play located across approximately 50,000 gross acres predominately in Atascosa, Gonzales, and Lavaca Counties of Central and South Tx.
7:00 PM EST | November 10, 2010
Magnum Hunter to Divest Cinco Terry Property
Magnum Hunter has entered into a definitive purchase and sale agreement with Approach for the sale of Magnum Hunter's 10.0% non-operated working interest in the Cinco Terry property.
8:00 PM EST | October 31, 2010
Magnum Hunter, JV Partner to Explore Eagle Ford Shale in Tx.
Magnum Hunter announced a new Joint Operating and Exploration Agreement with privately-held Hunt Oil based in Dallas, Texas.
8:00 PM EST | May 24, 2010
Magnum Hunter Boasts 23% Financial Increase in 2009
Magnum Hunter Resources announced operational and financial results for the three and twelve month periods ended December 31, 2009.
8:00 PM EST | March 30, 2010
Magnum Hunter's Proved Reserves Up 99%
Magnum Hunter Resources Corporation announced a 98.9% increase in the quantity of the Company's Proved Reserves at year-end 2009 versus year-end 2008.
7:00 PM EST | March 11, 2010
Barrier Closes Sale of Triad Resources to Magnum Hunter
The sale of Triad Resources to Magnum Hunter Resources, under a plan of reorganization, has closed.
7:00 PM EST | February 15, 2010
Magnum Hunter Sets Capital Budget for 2010
Magnum Hunter's Board of Directors has approved an initial capital budget for fiscal year 2010 of $25 million.
7:00 PM EST | February 03, 2010
Magnum Closes $150MM Senior Revolving Credit Facility
Magnum Hunter Resources has closed on its previously announced commitment for a new $150 million three-year term senior secured revolving credit facility.
7:00 PM EST | November 23, 2009