Oil and Gas Producer in All of the Right Plays

Spreading its acreage around the United States, Magnum Hunter Resources has found itself in position to earn some high internal rates of return.

Taylor Muckerman
Taylor Muckerman
Feb 25, 2013 at 3:40PM
Energy, Materials, and Utilities

According to some Credit Suisse calculations, Magnum Hunter Resources (NASDAQOTH:MHRCQ) 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.