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Magnum Hunter has a plan to pay its lenders - and then some

2015-06-26 12:03:20| Oil & Gas - Topix.net

Magnum Hunter Resources Corp. , the Utica shale driller that needs to raise almost $10 million in a few weeks, is pursuing the sale of its Ohio and West Virginia gas pipeline subsidiary. By divesting its 45.53 percent stake in Eureka Hunter, the company can raise between $600 million and $700 million, it said in a federal filing .

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