According to some Credit Suisse calculations, Magnum Hunter Resources (NASDAQOTH: MHRC ) has aligned itself with some potentially lucrative oil and gas plays around the country. One that Motley Fool energy analyst Taylor Muckerman looks highly upon is the Utica Shale in eastern Ohio and western Pennsylvania. Several larger companies are adding acreage to their portfolios here, with the largest leaseholder being Chesapeake Energy (NYSE: CHK ) at around 1 million net acres. With current infrastructure here limited, Taylor mentions another company in the video below that might be an even better bet than these exploration and production companies.
Betting big on the Utica in a quest for more oil and wet gas
While serious issues have plagued this company in recent history, giant steps have been taken to help mitigate several of them. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy, and as an added bonus, you'll receive a full year of key updates and expert guidance as news continues to develop.