Triad Hunter Buys Leases for 15.5K Acres in OH Utica Shale

February 17, 2012February 17, 2012

Magnum Hunter’s subsidiary company, Triad Hunter, has just closed on a lease deal to take possession of 15,558 gross (12,186 net) acres in Ohio’s Utica Shale. The deal is for $2,037 per acre, or $24.8 million total. The seller has not been identified and according to the press release the seller may have more acreage to sell to Triad Hunter if they can clear up problems with title to some of the additional property.

To view this content, log into your member account. (Not a member? Join Today!)