Magnum Hunter Resources predicts five years of heavy drilling in the Utica and Marcellus shale plays

Executives at Houston-based Magnum Hunter Resources Corp. are predicting "at least five years of sustained and heavily drilling in the Appalachian Basin," Natural Gas Intelligence (NGI) reports. The company focused on the Utica and Marcellus shale plays after shedding its Eagle Ford assets last year, and credits "record-setting gas storage withdrawals...developing acreage positions" and superb reservoir quality as the driving forces behind its success in the region.

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