Magnum Hunter Resources’ Friday announcement of a prolific Utica Shale gas well in Monroe County, Ohio, highlights the migration of Utica drilling south out of its original core in Carroll County. Houston-based Magnum Hunter said its first dry gas well off the Stalder #3 pad was placed into production this week with a peak rate of 32,500 Mcf/d. The pad could eventually hold 18 wells, Magnum Hunter said. Analysts at energy investment bank Tudor Pickering Holt on Friday crowed about the “huge” well. “Well still cleaning up frack water and company believes sales rate will likely increase over the next few days. Stalder #3 drilled to a vertical depth of roughly 10,600 feet with a 5,000 feet lateral fracked with 20 stages,” TPH said. The Stalder well moves the dry gas fairway of the Utica further east towards West Virginia, TPH said, and was […]