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 ...