Magnum Hunter increases 2003 capital spending to $115 million; $14 million goes to GOM

Petroleum News Houston staff

Texas-based independent Magnum Hunter Resources said July 1 that its board of directors has approved an increase in the company's capital expenditure plan for fiscal year 2003 by $15 million, from $100 to $115 million. About $14 million of the increase will be directed to the company’s Gulf of Mexic....