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 fandango on June 4, 2013 at 11:15pm

Thanks for all your searching research. I couldn't see the article at your link but based on info you posted did a search myself and found it here:

GreenHunter Water Goes Operational on New Disposal Facility in Meig...

Permalink Reply by searcherone on June 5, 2013 at 2:16am

Thanks fandango, I was so busy trying to find the source of the newspaper article I pasted the wrong link.  This article is far more revealing with the comments of Jack saying it is a terminal buildout along the Ohio River.  I continue to wonder if the decision on barging frac water has already been made and the general public doesn't know.  I am in agreement with Hiker about what is shipped everyday on the Ohio is much more lethal than frac water. And yes in New Matamoras Ohio Green Hunter turned a rusting decaying tank site into a good looking terminal with jobs for the local economy.

Permalink Reply by The Hiker on June 5, 2013 at 12:41am

Throughout this water recycling soap opera  (I read the Wheeling paper), I am amazed that the folks in the area would prefer a gasoline storage facility vs a  water storage facility.   MH took a derelict eyesore and turned it into a modern terminal with a few jobs thrown in.   They should be thanked, not fought.  The public fear of anything connected to fracking goes past common sense.   Barging water?  That's really scary.   Does anyone have a clue what is in the other barges going down the Ohio ? (hint: it's not all coal)  If you did, you would be appropriately scared, and might have something real to protest against.  But water?  Come on now.

Permalink Reply by H Bale on June 5, 2013 at 8:31am

This ran in the Louisville Courier- Journal about 3 years ago

http://www.courier-journal.com/article/20100712/NEWS01/7120304/Ohio...

Not to mention that the upper Ohio River has been referred to as the "Ruhr of America" in the past. I've also heard the Ohio River referred to as the "World's largest open sewer" in one of those coffee table books that the Sierra Club sponsors, and that was long before this current shale activity.

Waste water sounds kind of innocuous after that.

Permalink Reply by The Hiker on June 5, 2013 at 12:00pm

More cocaine byproducts in the water than caffeine.....wow.

Permalink Reply by searcherone on June 5, 2013 at 3:20am

http://www.theintelligencer.net/page/content.detail/id/586212/Oppos...

Today's article concerning Green Hunter in Wheeling;  the city council has been invited to tour the New Matamoras facility on Thursday morning;  news reporter continues to say no decision has been made regarding shipping frac water on the Ohio River.   

Permalink Reply by searcherone on June 11, 2013 at 1:21am

http://www.theintelligencer.net/page/content.detail/id/586425/Frack...

And the decision in Wheeling regarding Green Hunter's facility goes on--now the decision supposedly comes in July.  Wonder if Green Hunter has an alternative plan/site?

Permalink Reply by searcherone on June 11, 2013 at 4:24pm

This is latest press release from MH concerning its Schramm rig; in this release it mentions the well pad MH has constructed for 8 Marcellus wells and 8 Utica wells.   Locals know this as the Stalder pad in Lee Township, Monroe Co.

Permalink Reply by H Bale on June 14, 2013 at 10:56am

Magnum Hunter Resources Files Form 10-K and Reports Fourth Quarter and Full Year 2012 Financial and Operating Results

http://www.b2i.us/profiles/investor/ResLibraryView.asp?ResLibraryID...

Also 

Magnum Hunter Resources Management Discusses Q4 2012 Results - Earnings Call Transcript

https://www.google.com/#output=search&sclient=psy-ab&q=go+m...

"Total wells gross drilled, this is through today, for 2013 is 47 wells, of which 17 is net to Magnum Hunter. Those wells lie 13 gross in Appalachia, 7.5 net. In the Williston Basin, we've drilled 33 gross, that's 8.7 net. And down in South Texas in the Piersall, we drilled 1 gross well, 0.31 net. So that gives you your 47 and 17 total net wells for the year.

I would anticipate that number to basically double by the time the end of the year is reached. As far as current throughput in our midstream division, which has also announced a possible divestiture, we've actually hired a bank and are working that system. That's our gas gathering system up in West Virginia and Ohio. We are basically hitting peak rates on that system almost everyday now. It's up to 110 million cubic feet of gas per day and about 50% to 60% of that is the third-party. The Triad Hunter or Magnum Hunter gas will continue to be increasing in that system as the year progresses as we're tying in additional Marcellus and hopefully, some Utica wells.

One of the things that I know a lot of people keep asking about is how we're doing in the Utica over in the Southeastern Ohio. As you know, we have a large acreage position in 3 counties: Monroe, Noble and Washington counties. And we're very excited about the prospects for this area. We have drilled our first Utica well, it's called the Farley. It's a 4-well pad in northern Washington County, right along the Noble County border, in fact, I think the well TD in Noble County.

The well looks very promising. We are actually setting casing today on the well, and we'll be frac-ing the well hopefully in the next 2 to 4 weeks. We will likely let the well rest for some period of time, and then we're looking for ways to tie it in. The Eureka Hunter gas system, which is being laid in Ohio, is first going over into the another pad, a 16-well pad called the Stalder (sic) [Stadler] Pad. And they will come over to the Ormet, which where we have 3 Marcellus wells that we own.

So it's going to be a while before Eureka system can get over to the Farley, so we may look for another solution there so we can put this well in production."

Permalink Reply by Harry E. Rose on June 15, 2013 at 1:10am
What is the latest on the Farley well? Any oil?
Permalink Reply by searcherone on June 15, 2013 at 2:18am

Harry, page three of the transcript says they will be fracking the Farley in the next two to four weeks.

On page five of the transcript about half way down Gary Evans gives info on the Farley:  saying that this is complex geology is this area and that they are treating these wells much like those in the Gulf of Mexico;  apparently there are faults (geological shifts of the formations) in this area which made for more complex drilling.  Take a look it is interesting reading.

Permalink Reply by searcherone on June 19, 2013 at 3:55pm

Not much info here, but if you haven't seen or heard Gary Evans, CEO of Magnum Hunter, here he is on Fox News.

http://video.foxbusiness.com/v/2487458961001/magnum-hunter-resource...

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