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Magnum Hunter Resources Corp engages in the acquisition, development, and production of oil and natural gas primarily in West Virginia, North Dakota, Texas, and Louisiana.
Co announced production results from two new Eagle Ford Shale wells operated by the Co. Both wells went on production Dec 22, 2012. The Rhino Hunter #1 located in Lavaca County, Texas is producing ~2,033 barrels of oil per day and 1,113 mcf of natural gas (2,218 boe/d) on a 16/64" choke. Magnum Hunter owns ~48% working interest in the Rhino Hunter #1. The Zebra Hunter #1 is also located in Lavaca County, Texas and is producing ~1,995 barrels of oil per day and 898 mcf of natural gas (2,145 boe/d) on a 16/64" choke. The world is short of oil and the cash seems to be flowing from the small producer.
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