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Magnum Hunter Details Full-year 2013 Financial Results

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February 25, 2014

Magnum Hunter Resources Corp. (NYSE: MHR) detailed full-year 2013 financial results on Feb. 24.

Total upstream capex, by Dec. 31, 2013, was $301.9 million, the company said. Out of this amount, $131.8 million was allocated for the Williston Basin, $132.4 million was allocated for the Appalachian region and $37.7 was allocated for the South Texas region, the company said.

The company had $144.3 million for leasehold acquisitions, primarily in the Utica and Marcellus shales, the company said.

The current year’s capex budget will be funded through cash flows, anticipated increased ...

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