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Magnolia Petroleum gains stake in new Oklahoma gas wells

Fri, 02nd Oct 2015 09:34

(ShareCast News) - Magnolia Petroleum has announced it is working with Continental Resources to drill 10 new gas wells in Oklahoma.The AIM listed company announced on Friday the new wells will be drilled in the Woodford formation, from which it's estimated a total of 3.2bn barrels of conventional oil have been recovered from 60 reservoirs.It will hold an average net working interest in each well of 0.525%, with the company's total cost for all 10 wells estimated at $0.59m. The total cost of each well ranges from $8.8m to $13.1m.The first well will spud in October.
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28 Sep 2016 11:33

Magnolia Swings To Profit In First Half On Cost-Cutting Measures

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22 Jul 2016 08:35

Magnolia Won't "Just Tread Water" During Downturn In Oil Market

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18 Jul 2016 15:07

UK Shareholder Meetings Calendar - Next 7 Days

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27 Jun 2016 15:07

Magnolia Petroleum Swings To Loss In 2015 On Impairments

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10 Mar 2016 09:01

Magnolia Grows Production By 38 Barrels A Day Through Two New Wells

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15 Feb 2016 10:43

WINNERS & LOSERS SUMMARY: Reckitt Benckiser Results Please Investors

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15 Feb 2016 09:42

Magnolia Petroleum completes share placing

(ShareCast News) - Magnolia Petroleum's work to shore up its balance sheet amid a tough oil price environment came to fruition on Monday, with a discounted fundraising of £300,000 via the issue of 214.3m new shares at 0.14p each. The AIM-traded US onshore oil firm said the proceeds of the placing wo

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15 Feb 2016 09:37

Magnolia Petroleum Raises GBP300,000 To Pay Down Debt (ALLISS)

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10 Feb 2016 10:24

Magnolia Petroleum Adds More Producing Wells To US Onshore Acreage

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4 Nov 2015 14:18

Magnolia Petroleum begins drilling programme in Oklahoma

(ShareCast News) - AIM-listed oil and gas exploration and production company Magnolia Petroleum has begun a 10-well drilling programme in Oklahoma, US. The company, which has a 0.53% interest in each of the ten wells, said it was targeting the proven Woodford formation in the prolific South-Central

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4 Nov 2015 08:23

Magnolia Petroleum Drilling Campaign With Continental Resources Begins

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16 Oct 2015 09:06

Magnolia Petroleum surges after revealing it has more than 200 fully operational wells

(ShareCast News) - Shares in Magnolia Petroleum surged over 20% early on Friday, after the oil and gas producer said it has over 200 fully operational wells, after seven more came on stream during the latest quarter. The London-listed company now has 202 wells in operation, with an additional ten cu

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16 Oct 2015 08:33

Magnolia Petroleum Welcomes Start Of Production At Seven New Wells

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28 Sep 2015 09:51

Magnolia US Operations Become Unprofitable In First Half Of 2015

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