July 16, 2012

Growth is a Strategy: Magnum Hunter Resources Reports Mid-Year Reserves

July 16, 2012

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

REPOST: Pipelines Bypassing Hormuz Route Open

July 16, 2012

CNBC – Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets. The quiet opening of the pipelines comes amid heightened diplomatic tensions over Tehran’s nuclear program. Iran’s oil production has fallen to

Growth is a Strategy: Magnum Hunter Resources Reports Mid-Year Reserves

REPOST: Pipelines Bypassing Hormuz Route Open

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