Magnum Hunter’s 3 Ormet Wells in Monroe County – Okay Results

Some interesting production numbers from three wells drilled by Triad Hunter, the drilling subsidiary of Magnum Hunter, on property owned by the now bankrupt Ormet Corp, a huge aluminum smelter plant. The wells are in Monroe County, OH, the home of the (so far) most productive Utica Shale well in the state–the Yontz well drilled by Antero Resources (see Antero Resources Utica Well Produces Stratospheric 38.9 Mmcf/d).

Monroe County is south of Belmont County and in what is now believed to be the sweet spot of the sweet spot in Utica Shale drilling–which includes Belmont, Harrison, Guernsey, Noble and Monroe counties. The production numbers for the three Magnum Hunter wells are, well, not all that impressive when compared to the Antero well and other wells in the southeastern OH area. Production for the MH three wells range from 2.7 to 5.1 million cubic feet per day of natural gas. However, the three wells together produce an average 1,788 barrels of condensate, which is impressive, because condensate sells for (a lot) more money than methane…

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