Magnum Hunter Resources Corporation announced this morning that the Company's recently acquired wholly-owned subsidiary, NuLoch Resources Inc., along with certain of NuLoch's existing joint venture partners, have acquired 16,800 gross acres (5,000 net acres) in a "Bolt On" acquisition located in Burke County, North Dakota.
The acquired acreage is in close proximity to a producing Sanish well, the Gustafson #29-32, where NuLoch owns an 18.6% working interest. As previously announced by NuLoch, the Gustafson #29-32 had a peak 24 hour initial production rate of 937 Boe per day from the Sanish formation.
Wednesday, May 4, 2011
Magnum Hunter Resources / NuLoch Resources Acquires Additional 5,000 Net Acres -- Bakken, North Dakota, USA
Magnum Hunter Resources acquires an additional 5,000 net acres.
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