- Tight Gas & Oil
- Gas Hydrates
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.