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To: Biomaven who wrote (184276)6/8/2014 7:23:05 AM
From: Dennis Roth1 Recommendation

Recommended By
evestor

  Respond to of 206334
 
Magnum Hunter CEO: ‘There’s not a better growth story’ in U.S. for gas than Marcellus and Utica shale plays
bizjournals.com

Houston-based Magnum Hunter Resources Corp. (NYSE: MHR) thinks it could soon take the throne as owner of the most productive well in the Utica shale play.

Magnum Hunter's well is only the second in the Utica shale in West Virginia (Chevron Corp. (NYSE: CVX) drilled the first in Marshall County earlier this year). It’s located on the Steward-Winland pad in Tyler County, just east of Marietta.

“We think this well is on the equivalent of (Rice Energy Inc.'s Bigfoot 9H) well,” Gary Evans, Magnum Hunter’s CEO, told CNBC host Jim Cramer June 2. “We’ll be fracking that well over the next 30 to 45 days....”