'Stars aligned' for success of independent Magnum Hunter

10/27/2003
With an inventory of 2,500 onshore prospects and 171 blocks on the Gulf of Mexico Outer Continental Shelf, Magnum Hunter Resources Inc., Irving, Tex., is well-positioned for an upswing in the oil and gas market for the next 3 years, said Gary Evans, chairman, president, and CEO."Right now, the stars are all aligned for independents, with low interest rates, high commodity prices, and low service costs. So the key is access to good quality prospects," said Evans. "The biggest challenge for most independents is to find good quality prospects. But that's not a problem for Magnum Hunter." Magnum Hunter Resources Inc. Chairman, CEO, and Pres. Gary EvansClick here to enlarge imageIn March ...
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