Magnum Drilled The Second Utica/Marcellus Shale

Source: 7/2/2013, Location: North America

Magnum Hunter Resources Corporation announced that it has spud its first well on the Stalder Pad site located in eastern Monroe County, Ohio. This pad has been designed and permitted to drill up to 18 gross wells (10 Marcellus and 8 Utica), and will be drilled using the Company's new Schramm T500XD robotic drilling rig. The first well drilled on this multi-well pad site will test the Marcellus formation and the second well on this pad will test the Utica formation. Triad Hunter, LLC, a wholly-owned subsidiary of the Company, is operating the well and owns a 50% working interest in this drilling unit. The development plan is to drill both Utica and Marcellus wells first, then fracture stimulate them, and subsequently test the wells sometime during the fourth quarter of 2013. The Company's midstream subsidiary, Eureka Hunter Pipeline, LLC, is currently laying a new 20" high pressure gas line to the Stalder Pad with first deliveries from this area anticipated in October of this year.

Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter Resources, commented, "The eastern portion of Monroe County is an exciting region for us, especially due to our significant acreage position and the ability to exploit so many wells on just one drilling pad site targeting both the Marcellus and Utica formations. This will be our first well utilizing our new Schramm T500XD robotic drilling rig which should create significant savings on costs as well as time. As we continue to delineate our acreage position in southeast Ohio, we anticipate significant production growth coming from this region."

For more information about related Opportunities and Key Players visit Oil Shale Projects

United States >>  6/10/2022 - Schlumberger and Subsea 7 announced that the Subsea Integration Alliance has been renewed for another seven years. ...
United States >>  6/1/2022 - Subsea 7 today announced the award of a sizeable(1) contract by Chevron for the development of the Ballymore project offshore US Gulf of Mexico, in wa...

United States >>  5/30/2022 - Fugro services will support both inshore and offshore towing of the 24,000-ton structure as it leaves the coast of Texas and travels 800 km to the Vit...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.