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Industry Brief

January 28, 2014
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Production has been delayed at Magnum Hunter Resources Corp.'s Stalder pad in Monroe County, OH, due to colder than normal temperatures in the state. Financial analysts had expected initial production (IP) results from the pad's first Utica well sometime last week (see Shale Daily, Jan. 15). Topeka Capital Markets said in a research note that those results could come as late as Feb. 6. Analysts with the investment bank said the well could come online with an IP rate in the 15-30 MMcf/d range. The well has been closely watched to date, as it's one of the play's largest thus far, designed to handle 10 Marcellus and eight Utica wells in the play’s dry-gas window. In December, the company said liquids fallout and delays in the construction of gathering lines caused by cold weather was delaying some production in southeast Ohio and West Virginia (see Shale Daily, Dec. 20, 2013).

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