Magnum Hunter Announces Results From South Timbalier 264

Magnum Hunter Resources, Inc. announced test results from two wells recently completed on its South Timbalier 264 platform.

The ST 264 A #1 well was recently perforated from 8,190' to 8,224', gravel packed, and tested at rates exceeding 1,000 barrels of crude oil and 2 million cubic feet of natural gas per day. The well was tested on an 18/64" choke with 3,152 psi flowing tubing pressure.

The second well, ST 264 A #2, was completed from 8,116' to 8,174' and tested at 2.8 million cubic feet of natural gas and 200 barrels of crude oil per day. Flowing tubing pressure was 4,190 psi on a 10/64" choke. Magnum Hunter owns 100% of the working interest in these wells and the associated lease block. Production sales have recently commenced on the ST 264 A #2 well and production sales should begin within three days on the ST 264 A #1 well.

Magnum Hunters' first producing well completed on this platform in early June, ST 264 A #3, continues to produce at approximately 6.5 million cubic feet of natural gas and 185 barrels of crude oil per day. Magnum Hunter operates all three wells with respective ownership interests of 100%.


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