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Magnum Hunter News

23 Apr 2001

Magnum Hunter Reports 2001 Drilling Results

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…

14 Jan 2000

Magnum Hunter Expands Gulf of Mexico Drilling Program

Magnum Hunter Resources, Inc. has significantly expanded its drilling program in the Gulf of Mexico through several recent acquisitions and the commitment of new capital. Magnum Hunter acquired a 25 percent working interest in four Gulf of Mexico offshore prospects from Remington Oil and Gas Corporation. The first well in this new drilling program is scheduled to commence during the first week of January on East Cameron Block 364. The company also acquired a 100 percent working interest in Main Pass Block 178 from Union Pacific Resources Group, Inc.Two recently drilled wells on this block have indicated pay and are currently suspended. The company is reviewing development plans for this project in the first half of 2000 after the recent acquisition of 3-D seismic.