Ormet

Magnum Plans More Utica Shale Wells Near Ohio-West Virginia State Line

Magnum Hunter Resources Corp. confirmed Friday that it has acquired 1,700 net acres in Monroe County, OH, and Ohio and Wetzel counties, WV, from bankrupt aluminum producer Ormet Corp. in a deal that it said would allow it to drill an additional 15 fully operated Marcellus and Utica shale wells.

July 25, 2014