Current State of Magnum Hunter

Starting this thread to post info related to Magnum Hunter and its various business components.  First post is Triad Hunter opening office in Marietta, Ohio.  Definately Magnum Hunter is spending in Monroe, Noble and Washington counties in Ohio as well as Tyler and other WV counties.

http://www.mariettatimes.com/page/content.detail/id/549789/Triad-op...

 

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Permalink Reply by searcherone on August 9, 2014 at 9:10pm

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/magnum...

Good overview of Magnum's recent operations in Monroe Co OH and Tyler Co WV.

Permalink Reply by searcherone on September 16, 2014 at 8:13pm

Morgan Stanley buying the Arclight share of the Eureka Hunter Pipeline.  Magnum Hunter says this financial redo of Eureka Hunter is in anticipation of an MLP for Eureka in 2015.

http://seekingalpha.com/pr/11037235-magnum-hunter-resources-announc...

Permalink Reply by searcherone on September 24, 2014 at 7:33pm

Here it is a gusher in Tyler County WV: Stewart Winland   comes in at 46.5 MMCF.   Fantastic

Read about it here.

 http://seekingalpha.com/pr/11129175-magnum-hunter-resources-announc...

Permalink Reply by searcherone on September 25, 2014 at 8:10am

More details on the Magnum Hunter  "monster"   Stewart Winland well in this article.    Very dry gas--1,023 btu. 

http://seekingalpha.com/article/2519895-magnum-hunter-posts-a-monst...

Permalink Reply by Patrick Donnelly on September 25, 2014 at 4:10pm

I have reams of data on the production and pricing environement for the Marcellus and Utica shales and the importance of midstream infrastructure build out to the future of Henry Hub and Appalachian natural gas pricing.  Currently Appalachian is over supplied and trades at a $0.50-$1.00 discount to Henry Hub.  The enclosed report details a portion of information that provides context for the evolving dynamics.  Please let me know if the full reports would be useful.  Thanks, Pat.

 

Patrick.F.Donnelly@Morganstanley.com

 

 

Permalink Reply by searcherone on October 3, 2014 at 9:56pm

Here is Gary Evans on Jim Kramer's Mad Money, today Oct. 3, 2014

http://www.cnbc.com/id/102058329

Permalink Reply by searcherone on October 6, 2014 at 9:37am

New presentation for MH;   of general interest is page 34 showing comparison of nine Utica wells from various companies ranked on peak rate;    could someone rank the same nine by lateral ft production per thousand feet;  some of the bigger ones have longer laterals;  however it appears MH and Eclipse has great production on shorter laterals as well as Gastar 

So does that mean Monroe, Tyler and Marshall are the dry Utica sweetspots?   Wetzel would be probably be included but no data from there yet.

http://www.magnumhunterresources.com/Magnum-Hunter-Resources.pdf

Permalink Reply by searcherone on November 7, 2014 at 7:46am

Magnum Hunter has earnings call this morning and here is the press release with plenty of info prior to call.

Of interest is three more Utica wells about ready to flow on Stalder pad in Monroe County.   Also on Ormet pad in the only lateral drilled into the Utica they have encountered increased pressure about 1200 feet into the lateral.    Can anyone comment on what the implication of that maybe?

http://seekingalpha.com/pr/11613235-magnum-hunter-resources-reports...

Permalink Reply by searcherone on December 1, 2014 at 8:58pm

Magnum Hunter's Gary Evans  latest appearance on Cramer.

Evans says MH finding costs are very low--50 cents and mcf and they  (MH) can make money when gas is selling for $2 an mcf.

http://www.cnbc.com/id/102229297

Permalink Reply by searcherone on January 25, 2015 at 8:21pm

Well it is almost two years since I started this discussion and have not been recently adding much to it.  But the one sentence in this article is quite interesting.

"Magnum Hunter is seeking partners for a joint venture on its Utica shale holdings in Ohio, with a rough value of about 350 million, said Evans."

IMHO no matter what the spin is on MH, this statement says MH is hurting;   even more interesting will be who will be the joint venture partners.   For me the names of those partners will speak volumes about how the O&G industry values or not values MH's acreage.

http://www.reuters.com/article/2015/01/23/magnum-huntr-res-forecast...

Permalink Reply by Puzzled on January 25, 2015 at 8:25pm

Agreed

Permalink Reply by J.D on January 26, 2015 at 12:16pm

If you have time you might want to listen to the conference call Evans did on Friday, but you'll have to allow an hour or so since it's rather long.

I haven't been a fan of Magnum but I found the information very interesting. The call is on Magnum's website under investor presentations.   

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