Range Resources (ticker: RRC) reported Q2’12 and set new operational highs for the company: Quarterly production was 65,456 MMcfe, a 51% increase from Q2’11, adjusting production for the sale of the company’s Barnett Shale assets. While we’re punching in data as companies are reporting Q2 results, we note from EnerCom’s 89-company database of U.S. operators that production growth between Q3’11
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
Penn Virginia (ticker: PVA) is an exploration and production oil and gas company based in Radnor, PA with district operating offices in Houston, Pittsburgh, and Tulsa. The company has a geographically diverse portfolio of oil, NGL and natural gas assets with producing and/or prospective properties located principally in East Texas, Oklahoma, south central Texas, southern Mississippi, and Appalachia. PVA is
PDC Energy (NASDAQ: PETD) is an oil and natural gas exploration and production company with operations focused primarily in the Wattenberg Field of Colorado, including the horizontal Niobrara, the Marcellus Shale development in West Virginia and the Utica Shale in Ohio. Company Snapshot (May 4, 2012): Ticker: PETD Market Capitalization: $741 million Enterprise Value: $1.27 billion 2011 Average Production: 130.1
Magnum Hunter Resources (MHR) is engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, in three unconventional shale resource plays in North America: the Marcellus Shale, Utica Shale, Eagle Ford Shale and Williston Basin/Bakken Shale. In total, the company owns approximately 560,072 net acres, with 170,000 net acres
Magnum Hunter Resources (NYSE: MHR) announced operational and financial results for Q4’11 and fiscal year end 2011. MHR reported a Q4’11 net loss of $60.9 million or a loss of $0.46 per share, compared to a net loss of $1.9 million, or a loss of $0.03 per share during Q4’10. Revenues for the quarter totaled $49.1 million, an increase of
Gary Evans, CEO of Magnum Hunter Resources Corporation (NYSE: MHR), presented today at EnerCom’s The Oil & Services Conference™ 10. Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition, development and production of crude, natural gas and natural gas liquids, primarily in the states of West Virginia, Kentucky, Ohio,
