In only six months, Magnum Hunter Resources (ticker: MHR) increased its estimated total proved reserves by 51%, or 22.8 MMBOE. The company now estimates owning 67.7 MMBOE of proved reserves, 64% oil.

What caused the increase? A combination of organic drilling extensions, as well as acquisitions (Magnum Hunter’s Chief Executive Officer Gary Evans’ effective and proven strategy to build, develop and sell oil and natural gas companies). In the 1980's, Mr. Evans built an oil and natural gas company named Magnum Hunter. He grew the assets, develope...


Legal Notice