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Leak contained after Magnum Hunter well blowout

Dec. 24, 2014 10:45 AM ETMagnum Hunter Resources Corp. (MHRCQ) StockBy: Carl Surran, SA News Editor
  • Magnum Hunter (MHR -3.5%) says a leak at a natural gas fracking well that had forced the evacuation of some eastern Ohio homes for several days has been brought under control and temporarily capped.
  • The Ohio Department of Natural Resources says it will investigate what caused the well to begin leaking uncontrollably Dec. 13, and will ensure the integrity of the well before its operator, MHR subsidiary Triad Hunter, may proceed with operations.
  • MHR says there is no evidence of environmental damage as a result of the blowout, and expects all wells on the Stalder Pad will be placed on production sometime in January.

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