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Friday, November 22, 2013

BRIEF-Magnum Hunter Resources's to sell North Dakota properties for $45 mln, (NYSE: MHR)

Magnum Hunter Resources Corp : * On November 19, units prc Williston llc and Williston hunter nd, entered into purchase and sale agreement with euduro operating llc * Under the purchase and sale agreement, the purchase price for the NorthDakota properties is $45 million payable in cash - SEC filing * Entered into a nineteenth amendment to second amended and restated creditagreement * Under credit agreement borrowing base can be increased or decreased up to amaximum commitment level of $750 million * Under deal, units will sell right title & interest in certain oil & gas

Magnum Hunter Resources Corporation (Magnum Hunter) is an independent oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in the states of West Virginia, Ohio, Texas, Kentucky and North Dakota and in Saskatchewan, Canada. Shares of MHR remained unchanged at $6.95. In the past year, the shares have traded as low as $2.37 and as high as $8.12. On average, 5492860 shares of MHR exchange hands on a given day and today's volume is recorded at 0.