Magnum Hunter Resources Corporation says that its combined estimated proved, probable and possible reserves (3P Reserves) were 119.3 MMBoe and its estimated contingent resources were an additional 728.9 MMBoe as of June 30, 2013. Magnum Hunter's 3P Reserves at June 30, 2013 were prepared by a third-party engineering consultant, Cawley Gillespie & Associates, Inc. ("Cawley"), and include the Marcellus and Williston Basin/Bakken/Sanish Shale reserves, however, no Utica Shale reserves were included. The contingent resource estimate is an internal analysis prepared by Magnum Hunter that includes the Company's Utica Shale potential on its vast lease acreage holdings.

The Williston Basin/Bakken/Sanish Shale and Marcellus Shale probable and possible reserves were estimated at 49.8 MMBoe and 11.7 MMBoe, respectively, as of June 30, 2013. The contingent resources based on Magnum Hunter's internal analysis as of June 30, 2013 were comprised of 44.4 MMBoe in the Williston Basin/Bakken/Sanish Shale, 142.9 MMBoe in the Marcellus Shale, 496.2 MMBoe in the Utica Shale, and 45.4 MMBoe in the Devonian Shale.

Tags: Magnum Hunter Resources Corporation