Magnum Hunter: Bakken/Marcellus/Utica Junior Is Betting On Natural Gas And NGLs
- MHR has had so-so results in the Bakken/Three Forks (mostly oil).
- MHR has had generally good results in the Marcellus (mostly natural gas and NGLs).
- MHR is currently seeing some potentially great results in the Utica (mostly natural gas and NGLs).
- MHR is putting most of its capital budget for 2014 into the Utica and the Marcellus.
- Natural gas prices and NGLs prices have risen in the last year. Many indicators point to further gains. This could help MHR considerably.