Magnolia Petroleum ramps up production in Mid-west US
9th Sep 2013 15:00
Magnolia Petroleum has reported increases in production and the value of its assets as it seeks to build rapidly in oil-rich US regions. The AIM-listed oil and gas company said net production had increased by 75% to 214 barrels of oil equivalent per day at August 1st from the start of the year, wit
Read moreMagnolia Petroleum works on four new wells
5th Sep 2013 09:15
Magnolia Petroleum said it was participating in four new wells in Oklahoma as it builds production on its leases in the US. The oil and gas company said it was working with established operators such as Devon Energy at the wells and that the aggregate net cost of participation was $153,444 (£98,323
Read moreMagnolia Petroleum announces excellent initial production from Bakken well
22nd Jul 2013 11:22
AIM listed U.S. onshore oil and gas producer Magnolia Petroleum has today announced the start of production at two wells, the first of the Jake wells targeting the Bakken, North Dakota, shale formation and the Sympson 1-6H well in Woodford, Oklahoma. The outfit highlighted the fact that the initial
Read moreMagnolia Petroleum adds production with new wells
5th Jul 2013 14:45
Magnolia Petroleum's shares rose on Friday after reporting an initial production rate from the Marathon Oil-operated Hegleson well of 1,401 barrels of oil per day (bopd). The well is located in the Bakken Formation, North Dakota, in which Magnolia holds a 4.071% net revenue interest. The group al
Read moreMagnolia advances on strong production levels at Gustafson Well
28th Jun 2013 08:04
Shares in Magnolia Petroleum, the AIM-listed US onshore focused oil and gas exploration and production company, rose on Friday after the company reported strong initial production at the Gustafson Well in the Bakken formation, North Dakota. An initial production rate of 1,216 barrels of oil equiva
Read moreMagnolia Petroleum participates in three new wells
11th Jun 2013 10:13
AIM-listed US onshore-focused oil and gas company Magnolia Petroleum has reported its participation in three new wells in Oklahoma including a Mississippi Lime formation well in which Magnolia has a 10 per cent working interest. Magnolia Petroleum said that this was in line with the company's stra
Read moreMagnolia commences production at Mississippi well
5th Jun 2013 10:42
Magnolia Petroleum, the AIM-listed US onshore focused oil and gas exploration and production company, has commenced production at its well in the Mississippi Lime Formation in Oklahoma. In an operational update issued on Wednesday, Magnolia Petroleum reported that following the fracture stimulation
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreMagnolia Petroleum invests in 11 new oil wells
21st May 2013 10:58
Magnolia Petroleum has invested in 11 new oil wells in the US at a net cost of 1.4m dollars. The company is participating in four wells in Dakota and seven wells in Oklahoma. Production has commenced on three wells in the Mississippi Lime formation in Oklahoma. They include the Wolf 1H-25, Nighsw
Read moreMagnolia Petroleum's North American well count increases
25th Apr 2013 10:52
Magnolia Petroleum, the AIM-listed onshore focused oil and gas exploration and production company, has reported an increase in the number of wells it has a stake in. In an operational update issued on Thursday, the company reported that it had commenced production at its Peck 1-5H well in the Missi
Read moreMagnolia Petroleum reports 'highly active' first quarter
15th Apr 2013 11:23
AIM-listed oil and gas exploration and production company Magnolia Petroleum has published a quarterly update indicating a highly active first three months of the year. The company reported having an interest in 96 producing wells as at end of the first quarter of 2013 and a current total of 104 pr
Read moreAbove expectation oil production reported at Magnolia Petroleum's US wells
5th Apr 2013 07:52
AIM-listed US onshore oil and gas exploration company Magnolia Petroleum has reported above expectation initial production rates for three wells. The net initial production rate (IPR) for well BB Rice no.2 in the Bakken, North Dakota formation was 1.81 barrels of oil equivalent per day. In the BB
Read moreMagnolia Petroleum: Initial production rates at Campbell bode well
28th Mar 2013 09:47
Initial production rates of Magnolia Petroleum's Campbell well exceeded expectations, boding well for future drilling activity within the Campbell unit and surrounding acreage where Magnolia has varying interests, an operational update has shown. As the Campbell well is now producing, AIM-listed M
Read moreMagnolia Petroleum surges on US well potential
18th Mar 2013 09:14
Magnolia Petroleum's shares surged Monday after the oil and gas company said initial production rates from its US onshore wells exceeded expectations. The company reported robust results from four of its wells at formations including Bakken in North Dakota, Woodford in Oklahoma and Cotton Valley in
Read moreMagnolia poised to start fracture stimulation at Roger Swartz well
8th Mar 2013 07:22
Onshore focused oil and gas exploration company Magnolia Petroleum has unveiled an operational update showing that fracture stimulation is expected to commence shortly after next week at the Roger Swartz well 1. Since drilling and testing of the well, which is operated by Magnolia Petroleum, in Dec
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