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 February 17, 2013 at 6:58am

http://www.mariettatimes.com/page/content.detail/id/549183/Triad-aw...

 

This article appeared about three weeks ago.  It concerns hauling brine water by barge instead of truck by Green Hunter, a business component of Magnum Hunter. 

Permalink Reply by searcherone on April 21, 2013 at 3:57am

http://www.theintelligencer.net/page/content.detail/id/584369/Frack...

This is the current status of transporting frack water by barge. Looks like a protest was to happen 4/20 in Wheeling against it.

Permalink Reply by searcherone on February 19, 2013 at 4:15pm

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

Check this minute by minute update on an antifracting protest at Green Hunter today in New Matamoras, Washington Co, Ohio. Plenty of pics.

Permalink Reply by searcherone on February 20, 2013 at 1:11pm

http://www.mariettatimes.com/page/content.detail/id/549973/Local-pr...

This is a follow up article published in the Marietta Times today reporting on the protest at Green Hunter yesterday.

Permalink Reply by searcherone on February 20, 2013 at 3:28pm

http://www.investorcalendar.com/IC/ClientPage.asp?ID=170473

Listen to the presentation given yesterday, Feb 19th, at an investor's conference in San Franciso by company president.  Only good things are said about the marcellus and utica;  Monroe, Washington, and Noble counties are their focus.  No video or slides are posted.  Company seems to be holding back on showing the presentation or maybe I just haven't found it yet.

Permalink Reply by searcherone on February 20, 2013 at 3:48pm

http://www.nbcnews.com/id/50780741/ns/business-press_releases/t/mag...                                                                 

Here is link to a 2012 4th quarter update, but virtually no info regarding Ohio.

Permalink Reply by searcherone on April 13, 2013 at 5:59am

http://www.upstreamonline.com/live/article1323232.ece

Brief article talking about their first utica well located in Washington Co. Ohio complete with pic.

Also states their marcellus wells in monroe co, Oh are showing good wet gas.

Permalink Reply by searcherone on April 14, 2013 at 1:34pm

http://articles.philly.com/2013-04-13/business/38494324_1_rigs-schr...

article describing the new drilling rig purchased by Alpha Hunter  headed for Ohio.   Very interesting!    Cost over 7 million!

Permalink Reply by Seeker on April 16, 2013 at 12:56pm

As reported in Pipeline

"Two workers injured in an explosion at a Magnum Hunter-owned compression station in West Virginia have died, according to reports."

LInk:

http://www.upstreamonline.com/live/article1323460.ece?source=email_... 

Perhaps this might partially explain the downward pressure on Magnum Hunter's stock price.

Permalink Reply by searcherone on April 16, 2013 at 1:40pm

Seeker

The obit of first man who died says he worked for UTI of Groveport, Ohio.

Permalink Reply by Jim Litwinowicz on April 16, 2013 at 1:52pm

searcher.  nice rig. 15,000' total well bore length means they can drill down 8,000' and do a 7000' lateral.  Maybe less considering the torque of the turn.  Nice to see a new company with a new design increasing competition.

Permalink Reply by John OBrien, landowner advocate on April 17, 2013 at 1:58am

Jim,

According to depth maps I have looked at the Utica below Green twp. Monroe County is about 13,000 feet.  So who has the rigs to reach it with ability to do long laterals?

Maybe I read the map wrong?

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