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

Gary Evans, CEO of Magnum Hunter, expects the industry to see job cuts of up to 250,000.

Doubters of Marcellus estimate hounded geoscientist who called it first.

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