Drilling 10 New Wells

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce it is participating alongside leading US onshore operator, Continental Resources (‘Continental’), in the drilling of 10 new gas wells targeting the proven Woodford formation. All 10 new wells are located in the prolific South-Central Oklahoma Oil Province (‘SCOOP’) play in Oklahoma, from which it is estimated a total of 3.2 billion barrels of conventional oil have been recovered from 60 reservoirs.

Read More