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The uppermost Mississippian member is a widespread debris-flow deposit formed through a combination of uplift and erosion of the Mississippi Limestone, consisting of varying amounts of weathered chart, limestone and dolomite called the “Mississippi Chat”. The “Mississippi Lime” underlies the chat and also exhibits good reservoir characteristics. The formation was subject to weathering and digenesis and erosion at the regional unconformity. This results in greatly varying reservoir properties both horizontal and vertically. Where the digenesis and weathering have enhanced the reservoir properties, the porosity is generally 15-20 per cent. and can be more than 100 feet thick. Where it has not been enhanced, the porosity is only 4-6 per cent. and has low permeability. This results in lateral discontinuous reservoirs that are ideally developed with horizontal drilling technology.

Magnolia holds developed leases with increased density possibilities in respect of approximately 17,486 gross mineral acres (1,416 net mineral acres).