Magnum Hunter Resources (MHR -4.7%) says it has shut ~400 natural gas wells in Kentucky during...

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

Magnum Hunter Resources (MHR -4.7%) says it has shut ~400 natural gas wells in Kentucky during the current quarter due to lower natural gas prices and higher transportation costs, reducing production by 1.7 MMcfe/day. MHR also estimates output of ~9.5 MMcfe/day was curtailed after Appalachian wells were affected by a June storm.