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Magnum Hunter Resources Corp

Magnum Hunter Resources Corp. was a publicly traded company that was listed on the New York Stock Exchange under the ticker symbol "MHRC." The company was involved in the exploration, production, and sale of oil and natural gas, with a focus on shale plays in the United States.

Here are some key points about Magnum Hunter Resources Corp.:

1. History: Magnum Hunter Resources Corp. was founded in 2003 and was headquartered in Houston, Texas.

2. Operations: The company had operations in various shale plays, including the Eagle Ford Shale in Texas, the Bakken Shale in North Dakota, and the Utica Shale in Ohio.

3. Production: In 2019, Magnum Hunter Resources Corp. reported net production of approximately 40,000 barrels of oil equivalent per day (BOE/d). The company's production mix was approximately 70% oil and 30% natural gas.

4. Acreage: As of 2019, the company had approximately 170,000 net acres of leasehold in its core operating areas.

5. Financials: Magnum Hunter Resources Corp. had a market capitalization of around $1.4 billion as of 2019. The company's revenue for 2019 was reported to be around $670 million.

6. Growth strategy: Magnum Hunter Resources Corp. focused on growing its reserve base and production through a combination of drilling, acquisitions, and divestitures. The company also focused on improving its balance sheet through debt reduction and cost reductions.

In 2016, Magnum Hunter Resources Corp. filed for bankruptcy and underwent a financial restructuring. The company emerged from bankruptcy in 2017 with a reduced debt load and a new management team. However, the company continues to face challenges in the highly competitive and volatile oil and gas industry.

Please note that the information provided is general in nature and may not reflect the current status of the company. It is important to conduct thorough research and consult with financial experts before making any investment decisions.