Magnum Hunter Reports 2001 Drilling Results

Monday, April 23, 2001
Magnum Hunter Resources, Inc. announced year-to-date 2001 exploration and development drilling results. The company has participated in 28 new wells with a 100 percent success rate. Six of the successful new wells were exploration, three in the shallow water shelf area of the Gulf of Mexico (GOM) and three onshore. The remaining 22 new wells drilled were onshore development locations.

The 22 new development wells are located in Texas, southeastern New Mexico, and southern Oklahoma.

Magnum Hunter holds working interest ranging from 25 to 100 percent in these wells. Magnum Hunter chairman and executive vice president Matthew C. Lutz said, “We have achieved excellent results to-date in our 2001 exploration and development drilling program, which includes a projected 27 onshore and offshore exploration wells, and 115 development wells and workovers. We have also commenced production from prior discoveries on two Gulf of Mexico Blocks thus far this year, and expect to initiate production from prior discoveries on ten additional Gulf of Mexico Blocks throughout 2001 and into 2002.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Transas Academy Launched

Transas Academy launched during the Simulation User Conference 2016   Transas has launched its newly established Transas Academy, part of the company's THESIS,

Voyager IP Launches Prepaid VSAT and IT Scheme

A new scheme by marine broadband solutions company Voyager IP aims to alter the way customers can keep track of their VSAT and IT support services.   The Irish-based

Interactive Map Highlights Shipping's Global Security Threats

Ship owners and managers can now view what security threats a country poses to shipping lines with the click of a button thanks to a new live interactive map.   The

Offshore

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

JFD Wins Lifeboat Design Contract for Flash Tekk

JFD, part of James Fisher and Sons plc, announced that it has won a contract with Singaporean company Flash Tekk Engineering for the design and manufacture of up

Wärtsilä's' BWMS for New Crane Ship Design

A new crane ship designed by Netherlands based Royal IHC, a global leader in offshore, dredging and mining vessels, will feature the Wärtsilä Aquarius UV Ballast Water Management System (BWMS).

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0666 sec (15 req/sec)