Magnum Hunter +7.8% premarket on Utica gas discovery

|About: Magnum Hunter Resources Corp. (MHRCQ)|By:, SA News Editor

Magnum Hunter (MHR) +7.8% premarket after announcing a discovery at its first dry gas well in the Utica shale.

MHR placed the Stalder 3UH well in Ohio on production after recently testing it at a peak rate of 32.5M cf/day.

MHR is operator of the well with a 47% interest; non-operated partners include Statoil (STO), Eclipse Resources and Northwood Energy.