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Magnum Hunter Slashes Drilling Budget by 75% for 2015 | Marcellus Drilling News
In 2014 Magnum Hunter's capital budget for drilling (most of it in the Marcellus and Utica) was $400 million (see Magnum Hunter 2014 CapEx: Utica/Marcellus). We recently warned you that MH was planning to quit drilling in 2015, at least until they get a 40% discount from oilfield services companies (see Magnum Hunter CEO: No