Houston-based Magnum Hunter Resources Corp. plans to spend a good chunk of its 2011 drilling and operational budget not far from home — in the Eagle Ford Shale play of South Texas. In outlining recent drilling results there the company emphasized that it’s learning as it goes.
Newfield
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Stone Completes Rockies Sale, Nabs Dominion’s Deepwater Chief
Stone Energy Corp. said Friday it had completed the sale of substantially all of its Rocky Mountain properties to Newfield Exploration Co. in two separate transactions worth $577.9 million (see NGI, May 21). Stone plans to keep a 35% proportional working stake in several undeveloped plays that are located on about 60,000 acres.
Stone Completes Rockies Sale, Nabs Dominion’s Deepwater Chief
Stone Energy Corp. said Friday it had completed the sale of substantially all of its Rocky Mountain properties to Newfield Exploration Co. in two separate transactions worth $577.9 million (see Daily GPI, May 15). Stone plans to keep a 35% proportional working stake in several undeveloped plays that are located on about 60,000 acres.