Magnum Hunter Resources Corp. (MHR) Issues Operations Update
Magnum Hunter Resources Corp. updated the company’s oil and gas exploration and development activities for the second quarter of 2010. The company reported strong sequential and year over year production growth. Magnum Hunter Resources Corporation reported average daily production of 1,755 barrels of oil equivalent during the second quarter of 2010, compared to average production of 737 barrels of oil equivalent per day in the same quarter of 2009. Magnum Hunter Resources Corporation also increased production sequentially from the first quarter of 2010, when the company reported average daily production of 1,374 barrels of oil equivalent per day. The company…