Magnum Hunter Resources Corp. (NYSE: MHR) announced that its 100%-owned Stewart Winland 1300U well located in Tyler County, W. Va. was placed on production last weekend. The company's first Utica Shale well drilled and completed in the state of West Virginia and the most southeastern well in the entire play tested at a peak rate of 46.5 MMcf of natural gas per day (~7,750 BOE per day) on an adjustable rate choke with 7,810 psi FCP and has been flowing to sales through the company's Eureka Hunter Pipeline system. The Stewart Winland 1300U well was drilled and cased to a true vertical depth of 10,825 feet with a 5,289 foot horizontal lateral, and successfully fracked with 22 stages.
Additionally, three new Marcellus Shale wells (Stewart Winland 1301M, Stewart Winland 1302M and Stewart Winland 1303M), which are also 100% owned by the company, have all been fracture stimulated and are ready for sales. The company is awaiting an air permit from the state of West Virginia to begin flowing these Marcellus wells to sales. The Stewart Winland 1301M was drilled and cased to a true vertical depth of 6,155 feet with a 5,762 foot horizontal lateral, and successfully fracked with 27 stages. The Stewart Winland 1302M was drilled and cased to a true vertical depth of 6,147 feet with a 5,676 foot horizontal lateral, and successfully fracked with 29 stages. The Stewart Winland 1303M was drilled and cased to a true vertical depth of 6,149 feet with a 5,762 foot horizontal lateral, and successfully fraced with 29 stages. Triad Hunter LLC, a wholly-owned subsidiary of the company, is the operator of all of the wells on the Stewart Winland Pad.
The Houston-based company owns in excess of 200,000 net acres (~43,000 overlap) in the Marcellus/Utica shale plays of West Virginia and Ohio.
Recommended Reading
Air Liquide Eyes More Investments as Backlog Grows to $4.8B
2024-02-22 - Air Liquide reported a net profit of €3.08 billion ($US3.33 billion) for 2023, up more than 11% compared to 2022.
SunPower Appoints Garzolini as Executive VP, Chief Revenue Officer
2024-03-14 - Tony Garzolini will oversee SunPower’s sales, including the direct, dealer and new homes channels, along with pricing and demand generation.
Sherrill to Lead HEP’s Low Carbon Solutions Division
2024-02-06 - Richard Sherill will serve as president of Howard Energy Partners’ low carbon solutions division, while also serving on Talos Energy’s board.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
Battalion in Compliance with NYSE American after 2023 Meeting
2024-02-13 - Previously, Battalion Oil was not in compliance with the NYSE after failing to hold an annual meeting of stockholders during the fiscal year ending Dec. 31.