Magnum

Magnum Hunter Resources Corp. has added to a growing list of asset sales in order to shore up its weak liquidity position and help fund this year’s capital expenditures, announcing Monday that it’s marketing 5,000 net acres in the Appalachian Basin.

Magnum Hunter Resources Corp. has added to a growing list of asset sales in order to shore up its weak liquidity position and help fund this year's capital expenditures, announcing Monday that it's marketing 5,000 net acres in the Appalachian Basin.

By fits and turns on Friday, Magnum Hunter Resources Corp. CEO Gary Evans dismissed rumors that the company is facing an imminent liquidity crisis as commodity prices continue to tumble, reminding financial analysts during a rare conference call to discuss its business that Magnum is no longer an oil company.

Magnum Hunter Resources Corp.’s midstream subsidiary recorded a new record throughput of 406,000 MMBtu, exiting 2014 above its anticipated rate of 400,000 MMBtu/d, the company said.

Magnum Hunter Resources Corp. on Saturday lost control of its Stalder 3UH, a key Utica Shale well for the company in Monroe County, OH, in a blowout threatening three other wells on the pad that’s likely to delay year-end production.

Continuing its push to divest non-core assets across the country in favor of its properties in the Utica and Marcellus shales, Magnum Hunter Resources Corp. has completed the sale of its non-operated working interests in Divide County, ND, for more than $23 million.

Magnum Hunter Resources Corp. picked a new business partner for its midstream subsidiary, Eureka Hunter Holdings LLC, in a move that it said Tuesday will create significant savings and more flexibility for its upstream operations.

Magnum Hunter Resources Corp. confirmed Friday that it has acquired 1,700 net acres in Monroe County, OH, and Ohio and Wetzel counties, WV, from bankrupt aluminum producer Ormet Corp. in a deal that it said would allow it to drill an additional 15 fully operated Marcellus and Utica shale wells.

Magnum Hunter Resources Corp. agreed to purchase the remaining mineral rights of bankrupt aluminum producer Ormet Corp. in Monroe County, OH, and Wetzel County, WV, for $22.3 million, according to documents filed in a Delaware bankruptcy court last week.