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Magnum Hunter Resources Corp. Message Board

  • davidmorse42 davidmorse42 Jun 27, 2013 7:22 AM Flag

    Query About Devonian Shale Acreage

    Hopefully there are oilmen among you that can address this issue.

    Slide 14: Aside from the approximate 80,000 net acres in both the Marcellus and Utica (with nearly half overlapping) we also own 304,920 net acres in the Devonian Shale located in the states of West Virginia, Kentucky, Virginia, and Tennessee. Management is very quiet about this acreage, which I assume was purchased via acquisition as an adjunct to what was their real interest.

    a. Does it have any promise?

    b. Is it for sale as part of the attempt to sell unwanted property?

    c. Is it held from lease expiration by existing production?

    I hope there is someone among you that can accurately shed some light on this subject.

    Thank you in advance.

    Sentiment: Strong Buy

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