Shale Energy Law Blog
Joint Venture Formed to Drill Marcellus and Utica Wells in Ohio
January 3, 2013
Triad Hunter LLC, a subsidiary of Magnum Hunter Resources Corp., and Eclipse Resources I LP, of State College, PA, have formed a joint venture in order to develop 1,950 mineral acres in Monroe County, OH. Triad, as operator, will drill a total of 24 wells into the Marcellus and Utica formations over a three year period. Another Magnum subsidiary, Eureka Hunter Pipeline LLC, is expected to carry the production through a midstream pipeline, which is currently under construction.