Magnum Hunter (MHR +4.6%) says it plans to drill a minimum of four Utica test wells in Ohio this...

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

Magnum Hunter (MHR +4.6%) says it plans to drill a minimum of four Utica test wells in Ohio this year, with further development on the leasehold position expected later in the year. The first well will be a vertical pilot for extensive logging and coring, then plans are to plug back and drill a ~6K-ft. lateral in the Point Pleasant portion of the Utica.