All CATEGORIES
☰ Menu
Ohio Utica Shale

Magnum Hunter Resources starts well in Ohio's Washington County

By Bob Downing Published: April 15, 2013

Magnum Hunter Resources Corp. announced Friday that it has started drilling its first horizontal well in Ohio's Utica shale.

The well is on the Farley pad in northern Washingfton County. It will be one of four wells at that site.

Here is the company's statement:

 

Magnum Hunter Resources Announces Spudding of First Utica Shale Well in Ohio

HOUSTON, TX -- (Marketwired) -- 04/12/13 -- Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter"), announced today the commencement of drilling its first Utica Shale well on the Farley Pad (4 Well Pad) located in northern Washington County, Ohio along the Noble County, Ohio border. Triad Hunter, LLC ("Triad Hunter"), a wholly-owned subsidiary of the Company, is operating the well and owns 100% working interest in this drilling unit. The development plan is to first drill a vertical pilot hole for extensive logging and core analysis, and then to plug back and drill a 6,000+ foot lateral in the Point Pleasant portion of the Utica Shale. The well will then be fracture stimulated and tested this summer.

Triad Hunter has mineral rights on approximately 88,000 gross acres (79,000 net acres) of Utica potential in Ohio and West Virginia, with a significant portion of this mineral acreage held by existing production. Based on offset well results and industry analysis, we believe approximately one-half of our existing acreage position is located in the wet gas window of this emerging play.

Management Comments

Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter Resources, commented, "While this new well currently drilling represents our first horizontal Utica Shale test in Ohio, we have three other horizontal wells already drilled in the Marcellus formation located nearby in Monroe County, two of which are waiting on fracture stimulation and new pipeline installation by our midstream affiliate, Eureka Hunter. Having the opportunity of possessing two significant production horizons at one location is unique in this region. The down hole log interpretations of these two new wells which indicate a very high liquids content is most encouraging. We believe our activities in Southeastern Ohio will have significant economic impact on our Company in the ensuing months. We continue to assemble mineral acreage in the region to increase our inventory and foothold position."

About Magnum Hunter Resources Corporation

Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in the states of West Virginia, Kentucky, Ohio, Texas and North Dakota and Saskatchewan, Canada. The Company is presently active in five of the most prolific unconventional shale resource plays in North America, namely the Marcellus Shale, Utica Shale, Eagle Ford Shale, Pearsall Shale and Williston Basin/Bakken Shale.

For more information, please view our website at www.magnumhunterresources.com.

 

 


 

 

Print
Add This

SUBSCRIBE VIA RSS

OHIO.COM VIDEOS

See the most recent drilling report and an injection wells map From NewsOutlet.org

Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

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.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

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.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.