Magnum Hunter Resources Corporation announced that throughput volumes on Eureka Hunter Pipeline, LLC's gas gathering pipeline system located in West Virginia and Ohio (USA) reached a new record high throughput volume of approximately 835 000 million Btu per day on 1 December 2015.
Magnum Hunter owns a substantial equity interest in Eureka Hunter Pipeline, LLC of approximately 45%. Eureka Hunter's current throughput volumes represent an approximate 16% increase from reported volumes in July 2015.
Magnum Hunter Management comments
Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter and Eureka Hunter commented: "These new record throughput volumes on the Eureka Hunter pipeline system, during this period of unprecedented declines in overall drilling activity due to extremely low commodity prices, are a testimony to the resource value not only of this region, but what has been created by the hard work of our management team over the past couple of years. The results from the combination of new interconnects with other pipelines, operational superiority, and exceptional service to existing customers, have allowed for this substantial growth being experienced at Eureka Hunter to continue."
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/15122015/record-high-throughput-volume-for-eureka-hunter-pipeline/
