Drilling success causes Magnum Hunter to reconsider Texas asset sale

12/30/2012 | Bloomberg Businessweek

Magnum Hunter Resources has obtained positive results from two Eagle Ford Shale wells. The wells in Lavaca County, Texas, "are by far our best producers since we initiated drilling operations in this play in 2010," said Gary Evans, the company's chairman and CEO. The development could mean the company won't sell its land assets in the play, Evans said.

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