Magnum Hunter Resources to acquire 51,500 net Appalachian Basin acres from Marietta-based Virco for $106.7 million

Triad Hunter, LLC, a wholly-owned subsidiary of Houston-based Magnum Hunter Resources Corporation will purchase 100 percent of the stock of privately held, Marietta-based Viking International Resources Co., Inc. (Virco) for $106.7 million, a press release from Magnum Hunter Resources said. Through the deal, Triad Hunter will acquire “approximately 51,500 net Appalachian Basin mineral acres located in West Virginia and Ohio,” including 27,000 net acres in the liquids-rich Marcellus shale, 9,000 net acres in the liquids-rich Utica shale and more than 19,000 net dry Utica shale acres, the release said. For more, read the full press release.

Ohio, West Virginia