Magnum Hunter subsidiary Eureka Hunter announced yesterday they are buying TransTex Gas Services, a natural gas treatment company based in Houston, TX for $58.5 million. One of Eureka Hunter’s objectives in purchasing the company is to grow the TransTex business in the Marcellus and Utica Shale. From the Magnum Hunter press release:
Archive for 'Magnum Hunter'
Pipeline company Magnum Hunter Resources has signed a deal with natural gas processor MarkWest Liberty to deliver and process “liquids-rich” Marcellus Shale gas from northwest West Virginia. As part of the deal, a Magnum Hunter subsidiary (Eureka Hunter) is selling an under-construction gas processing plant to MarkWest. What it all means is that Magnum Hunter […]
Magnum Hunter CEO Says Conventional Gas Plays Can’t Compete, Company Drills One New Marcellus Gas Well a Month in WV
Some interesting comments made by Magnum Hunter CEO Gary Evans at the recent Marcellus Midstream Conference in Pittsburgh at their projected activity in 2011 and conventional vs. unconventional shale gas plays: