Magnum Hunter Resources Company News

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As US Shale Drillers Suffer, Even The Bankrupt Keep Pumping Oil
Friday, April 01, 2016As 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.

Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure
Monday, December 28, 2015In 2015, the fracking outfits that dot America's oil-rich plains throw everything they had at $50-a-barrel crude.

Magnum Hunter Latest Oil Producer To Seek Bankruptcy
Tuesday, December 15, 2015Magnum 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.

Drillsearch Raises Stake in Takeover Target Ambassador Oil & Gas to 60.13%
Wednesday, August 27, 2014Drillsearch Energy raised its interest in Ambassador Oil & Gas to 60.13 percent.

Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Thursday, August 14, 2014Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.

Ambassador Withdraws Recommendation to Accept Drillsearch Acquisition Offer
Thursday, June 19, 2014Ambassador 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.

Magnum Hunter Answers Back With Improved Ambassador Bid
Tuesday, June 17, 2014In 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.

Ambassador Receives Second Takeover Bid
Tuesday, June 10, 2014After receiving a takeover offer from Drillsearch Energy in May, Australia's Ambassador Oil and Gas has now become a target for Magnum Hunter Resources.

NSE Appoints Magum Hunter's H.C. Kip Ferguson as Non-Executive Director
Wednesday, February 12, 2014New Standard Energy appoints executive vice president of exploration of Magnum Hunter Resources Corp. H.C. Kip Ferguson III as a non-executive director.

New Standard Energy's Shareholders Approve PEL 570 Farm-in Deal
Tuesday, January 21, 2014Ambassador 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.

Ambassador Farms Out 52.5% Interest in PEL 570 to New Standard Energy
Wednesday, December 11, 2013Ambassador 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.

Magnum Hunter Spuds Monroe Country, Ohio Well
Tuesday, July 02, 2013Magnum Hunter spuds its first Stalder Pad well in Ohio.

Drilling Commences at Magnum Hunter's First Utica Well
Friday, April 12, 2013Magnum Hunter announces the commencement of drilling its first Utica Shale well on the Farley Pad (4 Well Pad) located in northern Washington County, Ohio.

Penn Virginia Acquires Magnum Hunter's Assets in Eagle Ford Play
Wednesday, April 03, 2013Penn Virginia and Magnum Hunter finalize a $400 million agreement over shale mineral acres in south Texas.

Magnum Hunter to Drill Additional Utica Wells in 2013
Wednesday, January 23, 2013Magnum Hunter Resources intends to drill a minimum of four Utica test wells in Ohio this year.

Magnum Hunter Extends Footprint in Ohio
Wednesday, January 02, 2013Magnum Hunter Resources Corporation announced a new Joint Operating Agreement with Eclipse Resources.

Magnum Hunter to Acquire Williston Acreage, Wells
Monday, November 26, 2012Magnum Hunter has entered into a definitive purchase agreement to acquire existing wells and net Williston Basin lease acres located in Divide County.

Magnum Hunter Shuts In Kentucky Wells
Wednesday, September 26, 2012Magnum 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.

Magnum Hunter: Appalachia Production Remains Curtailed
Thursday, July 12, 2012Magnum 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.

Magnum Hunter Restarts Production at Appalachia Wells after Storm
Monday, July 02, 2012Magnum 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.

Magnum Hunter Finalizes Utica Shale Acquisition
Friday, February 17, 2012Magnum Hunter Resources has closed on the acquisition of leasehold mineral interests located predominately in Noble County, Ohio.

Magnum Hunter's Daily Production Rate Up 455%
Tuesday, December 27, 2011Magnum Hunter Resources raises its production expectations for 2011 and 2012 due to gains from the completion of new wells.

Magnum Hunter Ramps Production in 3Q11
Thursday, October 20, 2011Williston 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.

Magnum Hunter All Smiles over 3Q11 Operations
Thursday, October 13, 2011"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.

Magnum Hunters Shuffles Management
Monday, October 03, 2011Magnum Hunter announced the election of Mr. Stephen C. Hurley to the Company's Board of Directors, effective October 1, 2011.

Magnum Hunter Closes Expanded Credit Facilities
Thursday, September 29, 2011Magnum Hunter has closed on the previously announced expansion of its Senior Bank Credit Facilities in the amount of $267.5 million.

Magnum Hunter Updates Activities in Eagle Ford Play
Tuesday, September 20, 2011Magnum 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.

Magnum Hunter: Proposed Acquisition in Williston Basin Did Not Close
Friday, August 19, 2011Magnum 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.

Magnum Hunter Closes Credit Facility for Eureka Hunter Pipeline
Wednesday, August 17, 2011The 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.

Magnum Hunter Acquires Acreage in Williston Basin
Friday, August 05, 2011Magnum 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.

Magnum Hunter Makes Management Changes in Finance Dept.
Wednesday, July 27, 2011Magnum Hunter announced several management changes in the Company's finance department.

Magnum Hunter Buys New Rigs
Friday, July 15, 2011Magnum Hunter announced that the Company's Appalachian Basin Division has acquired two new 2011 Schramm T200XD trailer mounted hydraulic drilling rigs.

Magnum Hunter Sees 133% Increase in Reserves
Thursday, July 14, 2011Magnum 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.

Magnum Hunter Names VP of Finance
Monday, July 11, 2011Magnum Hunter announced the appointment of Mr. Mark H. Wolf as Vice President of Finance for the Company.

Magnum Acquires Marcellus O&G Properties
Friday, April 08, 2011Magnum has executed a definitive agreement and closed on the acquisition of oil and gas properties and leasehold mineral interests located in Wetzel County.

Magnum Hunter's Production Soars in 2010
Friday, February 18, 2011Magnum Hunter reported a substantial growth in reserves of 116% and a 113% increase in production.

Magnum Hunter to Buy NuLoch Resources for $327MM
Wednesday, January 19, 2011Magnum Hunter has entered into a definitive agreement to acquire Williston Basin focused NuLoch Resources for approximately $327MM.

Magnum Hunter 'Improves Overall Results' in Eagle Ford Shale Play
Tuesday, January 11, 2011Magnum 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.

Magnum Hunter to Buy Marcellus O&G Properties
Monday, December 27, 2010Magnum Hunter has executed a definitive agreement to acquire oil and gas properties and leasehold mineral interests located in Wetzel and Lewis Counties, West Virginia.

Magnum Hunter to Acquire NGAS Resources
Monday, December 27, 2010Magnum Hunter has entered into a definitive agreement to acquire NGAS Resources for approximately $98MM in common stock and assumed liabilities.

Magnum Hunter Highlights Marcellus Drilling Ops
Thursday, December 23, 2010Magnum Hunter provided a horizontal drilling update on its upstream operations in the Marcellus Shale resource play.

East Chalkley Drilling Delayed
Monday, November 15, 2010Australia-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

Magnum Charges Ahead in Eagle Ford Play
Thursday, November 11, 2010Magnum 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.

Magnum Hunter to Divest Cinco Terry Property
Monday, November 01, 2010Magnum 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.

Magnum Hunter, JV Partner to Explore Eagle Ford Shale in Tx.
Tuesday, May 25, 2010Magnum Hunter announced a new Joint Operating and Exploration Agreement with privately-held Hunt Oil based in Dallas, Texas.

Magnum Hunter Boasts 23% Financial Increase in 2009
Wednesday, March 31, 2010Magnum Hunter Resources announced operational and financial results for the three and twelve month periods ended December 31, 2009.

Magnum Hunter's Proved Reserves Up 99%
Friday, March 12, 2010Magnum 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.

Barrier Closes Sale of Triad Resources to Magnum Hunter
Tuesday, February 16, 2010The sale of Triad Resources to Magnum Hunter Resources, under a plan of reorganization, has closed.

Magnum Hunter Sets Capital Budget for 2010
Thursday, February 04, 2010Magnum Hunter's Board of Directors has approved an initial capital budget for fiscal year 2010 of $25 million.

Magnum Closes $150MM Senior Revolving Credit Facility
Tuesday, November 24, 2009Magnum Hunter Resources has closed on its previously announced commitment for a new $150 million three-year term senior secured revolving credit facility.