- Magnum Hunter Resources (MHR) +2.5% premarket after saying its Q1 oil and gas production increased 66% Y/Y to 14.7B cfe (~2.5M boe) or an average of 163.6MM cfe/day (27,261 boe/day).
- Production was comprised of 74% natural gas, 13% oil and 13% natural gas liquids, vs. 56% natural gas, 29% oil and 15% NGLs in the year-ago quarter.
- MHR says the production increase was attributable primarily to its expanded 2014 drilling program in its core areas of operations and production results from the Marcellus and Utica Shale plays.