Exploration & Production
Magnolia Begins Drilling at HZ Bakken/Three Forks Wells
Print
|
Magnolia Petroleum Plc has reported that drilling has commenced at the Jake 2-11 1H and the Jake 2-11 TFH wells operated by Statoil ASA, successor to Brigham Oil & Gas, L.P., and targeting the prolific Bakken/Three Forks Sanish formations, North Dakota. An update is also provided on Magnolia‟s activities across its portfolio of interests in proven oil plays including the Mississippi Lime and Woodford/Hunton formations in Oklahoma.
The Jake 2-11 1H horizontal well located in Williams County, North Dakota, is targeting the Bakken Formation and is operated by Statoil, a leading energy company. The Jake 2-11 TFH horizontal well, also operated by Statoil, is using the same pad as the Jake 2-11 1H well to target the Three Forks Sanish Formation. Total drill costs for the Jake wells are…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Williston Basin News
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
Exxon Mobil First Quarter 2023 Results
Exxon Mobil Corp. announced its first quarter 2023 results. Highlights: Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…