Magnum Hunter 2Q12 Operation Update for Marcellus/Utica
Second quarter earnings and operations reports keep rolling in. Magnum Hunter, a driller with operations across the U.S. including in the Marcellus and Utica Shale region, released their second quarter operations update this morning. Magnum reports they drilled four new Marcellus wells in the first half of 2012. The completed one of the wells for testing purposes, and the other three are waiting for completion until the end of this year when the MarkWest Mobley processing plant will become operational.
Here are the relevant sections from their update dealing with the Marcellus and Utica Shale: