Energy Transfer Will Bid For Magnum Hunter Subsidiary Stake

摘要

Pipeline company Energy Transfer Equity LP (ETE) is bidding for Magnum Hunter Resources Corp.’s (MHR) stake in natural gas gathering unit Eureka Hunter Holdings, Bloomberg reported, citing people familiar with the matter. Oil and natural gas producer Magnum Hunter, which has been struggling with weak natural gas prices, said in June that it expected to raise $600to $700 million by selling its 45.53% stake in Eureka Hunter.