Texas-based Magnum Hunter Resources Corp. has agreed to purchase the remaining mineral rights of bankrupt aluminum producer Ormet Corp. in Ohio's Monroe County and West Virginia's Wetzel County for $22.3 million, NGI's Shale Daily reports.
Magnum Hunter had already drilled three wells on Ormet's property and with the approval of a bankruptcy court in Delaware, the new acquisition would allow it access to the oil and gas rights underneath the plant that was recently sold to Niagara Worldwide LLC, Shale Daily said.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.