HOUSTON, TX--(Marketwired - Mar 16, 2015) - Eureka Hunter Pipeline, LLC ("Eureka Hunter"), in which Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") owns a substantial equity interest, announced today that throughput volumes on Eureka Hunter's gas gathering pipeline system located in West Virginia and Ohio, have now reached a new record of approximately 623,713 MMBtu per day on Friday, March 13, 2015.
Magnum Hunter Management Comments
Mr. Chris Akers, Executive Vice President and Chief Operating Officer of Eureka Hunter, commented, "The calculated risks and subsequent capital resources we deployed last year into Eureka Hunter to build out the interconnects (now nine) with the various pipelines located within our area of operation, are proving to be a wise decision. Based upon management projections derived from producer volumes anticipated for the remainder of 2015, we are expecting throughput volumes approaching 1.0 Bcf per day on Eureka Hunter by year-end. These dramatic increases in throughput volumes are indicative of the prolific nature of both the Marcellus and Utica Shale plays within this region."
About Magnum Hunter Resources Corporation
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 oil, natural gas and natural gas liquids, primarily in the states of West Virginia and Ohio. The Company is presently active in two of the most prolific unconventional shale resource plays in North America, the Marcellus Shale and Utica Shale located in Northwest West Virginia and Southeast Ohio.
Availability of Information on the Company's Website
Magnum Hunter is providing a reminder that it makes available on its website (at www.magnumhunterresources.com) a variety of information for investors, analysts and the media, including the following:
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annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to those reports as soon as reasonably practicable after the material is electronically filed with or furnished to the Securities and Exchange Commission;
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the most recent version of the Company's Investor Presentation slide deck;
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announcements of conference calls, webcasts, investor conferences, speeches and other events at which Company executives may discuss the Company and its business and archives or transcripts of such events;
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press releases regarding annual and quarterly earnings, operational developments, legal developments and other matters; and
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corporate governance information, including the Company's corporate governance guidelines, committee charters, code of conduct and other governance-related matters.