Macnaughton

GMX Resources Adds Oily Bakken, Niobrara Reserves

GMX Resources Inc. (GMXR) said it has branched out from its Haynesville/Bossier natural gas-directed properties, collecting about 67,724 net acres within the core horizontal oil development areas of the Bakken/Sanish-Three Forks Formation in the Williston Basin and the Niobrara Formation in the Denver-Julesburg (DJ) Basin.

February 2, 2011