- Tight Gas & Oil
- Gas Hydrates
Following the reorganization, Gary C. Evans, Magnum Hunter's chairman and CEO since 2009, has left the Irving, Texas-based company to launch another oil and gas venture.
The company’s capex, net loss and production didn’t reach analyst expectations and an agreement to pay for drilling underwhelmed some analysts.
In the heart of the Bakken, North Dakota operators are still pumping more than 1 million barrels of oil per day as companies become desperate for cash flow.