Tuesday, February 25, 2025

Magnum Hunter CEO Gary Evans Sets the Record Straight: “Rumors of Our Death Have Been Greatly Exaggerated”

Magnum Hunter Jan. 23 Conference Call Gary Evans drew on some famous American humor to lead off this morning’s conference call “to discuss macro events affecting the energy sector and company specifics.” Evans paraphrased the famous quip from North American author Mark Twain after the author saw his own obituary. Crude Oil Prices and OPEC The Magnum Hunter Resources (ticker: MHR)

Tullow

Tullow Oil Announces Discoveries in Kenya

Tullow Oil Plc. (ticker: TLW) announced that a series of appraisal wells have made discoveries in Kenya. The three exploration wells, the Ngamia-5, Ngamia-6 and Amosing-3 appraisal wells all encountered oil, according to the company’s exploration and appraisal update. Ngamia-5 was drilled to a final depth of 2,317 meters (7,602 feet) where it encountered between 160 and 200 meters (535