Exclusives

After spending more than $5 billion in the Marcellus and buying assets from Statoil and WPX, the company plans to divest up to $800 million to overcome a cash flow gap.

Operators in the Utica, Eagle Ford and other prominent shales have raised an average $429 million, some with an eye toward buying core assets in a down market.

Magnum Hunter CEO Gary Evans is waiting for service costs to drop 40% before the company restarts drilling.

Heard In The Field

Marcellus Resources

Company Net Acreage
Chesapeake 1,376,675
Shell 1,005,000
Range Resources 835,000
National Fuel Gas 780,000
All Top Acreage Holders