Exploration & Production | Operational Updates | Quarterly / Earnings Reports | First Quarter (1Q) Update
Magnum Hunter Tests Marcellus in Ohio, West Virgina
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Magnum Hunter announces Marcellus and Utica First Quarter Operations Update
Marcellus Shale and Utica ShaleDuring the first quarter of 2014, the Company completed the drilling of 5 gross (5 net) wells and completed 9 gross (6 net) wells in the Marcellus Shale and Utica Shale plays.
Of these wells, 2 gross (1 net) on the Stalder Pad are shut-in to allow for further development, 4 gross (2 net) are drilling out plugs for flowback, and 3 gross (3 net) of the completed wells are currently flowing to sales via the Eureka Hunter Pipeline System. The Company's net production in the first quarter of 2014 attributable to Triad Hunter, LLC's operations was approximately 63.1 Mcfe/d, a 142% increase over such production during the first quarter of 2013.
The Company's first dry gas Utica Shale well…
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