Magnum Hunter Spuds First Well in Utica Shale

Magnum Hunter, working through its subsidiary Triad Hunter, spudded its first horizontal well in Ohio’s Utica Shale formation. The well is located in Washington County, just north of Noble County. It is just the second well permitted in Washington County.
Magnum Hunter has approximately 79,000 acres in the Utica play with about half being in the “wet gas” window located in southeast Ohio. The Washington County well will be fractured and tested this summer.