Magnum Hunter Resources is an oil and gas company engaged mainly in the exploration for and the exploitation, acquisition, development and production of natural gas and natural gas liquids resources, along with certain oil field service activities and a substantial investment in midstream operations. Co.'s Appalachian Basin drilling operations are focused on development in Marcellus Shale and Utica Shale underlying West Virginia and Ohio. As of Dec 31 2014, Co. had about 83.8 million barrels of oil equivalent of estimated proved reserves. Co.'s proved reserves consisted of 10.5 million barrels (mmbbl) of oil, 14.4 mmbbls of natural gas liquids, and 353.00 billion cubic feet of natural gas.