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

McClendon says the suit by the company he co-founded is meritless, ‘adds insult to injury.’

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

Service & Support Companies

Utica Resources

Company Total Acreage
EV Energy Partners/EnerVest 903,000
Chesapeake Energy 900,000
Chevron 611,000
National Fuel Gas 562,500
All Top Acreage Holders