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.
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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.