Magnum Hunter Resources Corp. (MHR) is a junior oil and natural gas exploration and production company. Many thought that its future was going to be Bakken/Three Forks development; but its most successful recent wells have been in the Marcellus and the Utica. MHR has about 152,000 net acres in the Bakken/Three Forks. Of these about 102,000 are in North Dakota and about 50,000 are in Tableland (Canada). These assets had total proved reserves of 20.8 million Boe as of December 31, 2013. In Appalachia MHR has about 461,000 net acres. Of these 79,000 are in the Marcellus Shale; and 99,000 are prospective for the Utica Shale.
MHR is a junior; and like a lot of juniors, it is...
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