Exploration & Production
Magnolia Petroleum Continues it's Focus on Bakken with Partner
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Magnolia Petroleum Plc, annouced an update on two wells targeting the prolific Bakken Formation, North Dakota.
The Curtis Kerr 24-8H (‘Curtis Kerr’) horizontal well has been drilled to the Middle Bakken Sandstone interval and is currently waiting on completion. Magnolia holds a 1.95569%/ 1.46677% working/ net revenue interest in Curtis Kerr.
The Nicky Kerr 14-8 (‘Nicky Kerr’) horizontal well, also targeting the Bakken Formation, North Dakota, was spud on 25 September 2012. Magnolia has a 1.955692%/ 1.46677% working/ net revenue interest in the well.
Following today’s announcement, Magnolia participates in 84 producing properties, a further 10 that are currently being drilled/ completed and another 10 waiting to spud. Magnolia COO, Rita Whittington said, “As the Curtis Kerr and Nicky…
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