Magnum Hunter Resources (MHR) reported its earnings for the fourth quarter of 2010 and updated its activities in several onshore United States oil and gas basins, including the Marcellus Shale.
Magnum Hunter Resources has established a 2011 capital budget of approximately $150 million, of which $60 million has been allocated to drill 12.5 net wells into the Marcellus Shale. The company has a total of 88,417 net acres in Ohio, West Virginia and Kentucky.
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