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Magnum Hunter Resources Corporation (NYSE:MHR): Current price $4.50
The firm announced Tuesday that it will drill at least four Utica test wells in Ohio in 2013. Should the results be akin to those seen by offset operators in the area, further development on the leasehold position is planned for later in the year. Presently the firm, through its wholly-owned subsidiary Triad Hunter, is constructing its first Utica Pad in Washington County, Ohio, which is designed for potentially drilling four horizontal wells to the Utica formation.
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