According to some Credit Suisse calculations, Magnum Hunter Resources (NYSE: MHR) 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 (CHK +0.00%) 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.
Oil and Gas Producer in All of the Right Plays
By Taylor Muckerman – Feb 25, 2013 at 3:40PM
OTC: CHKA.Q
Chesapeake Energy
Spreading its acreage around the United States, Magnum Hunter Resources has found itself in position to earn some high internal rates of return.
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.