GasBuddy Blog

GasBuddy News Article

votes

Magnolia Petroleum Participates in Bakken Well, North Dakota

Dow Jones Newswires --
Magnolia Petroleum PLC (MAGP.LN) a U.S. oil and gas exploration and production company focused on proven U.S. onshore hydrocarbon formations, Friday announced its participation in a further well targeting the prolific Bakken Formation, North Dakota.

MAIN FACTS:

-The Nicky Kerr 14-8 horizontal well is targeting the Bakken Formation, North Dakota, and is operated by Marathon Oil (MRO), a U.S. energy company.

-Total drill costs are estimated at $8.53 million with the company's 1.955692% working interest in the well estimated at $166,837; Magnolia's net revenue interest is 1.46677%.

-Magnolia participates in 83 producing properties, a further nine are currently being drilled/ completed and, following Friday's announcement, another twelve waiting to spud.

Read the Full Article

Submitted Sep 15, 2012 By: RENEGADEGAS

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Magnolia Petroleum Participates in Bakken Well, North Dakota	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

listerone Champion Author Boston Posts:3,375 Points:877,040 Joined:Aug 2008	Message Posted: Sep 16, 2012 1:07:22 PM Ignore listerone Report Abuse Drill here...drill now.
remay Champion Author Houston Posts:6,958 Points:2,115,665 Joined:May 2006	Message Posted: Sep 16, 2012 12:12:48 PM Ignore remay Report Abuse Nuthin like free PR for the stock...
repseng Sophomore Author Twin Cities Posts:165 Points:14,940 Joined:Sep 2012	Message Posted: Sep 15, 2012 5:20:40 PM Ignore repseng Report Abuse Ok
puinsai808 Champion Author Honolulu Posts:3,534 Points:725,355 Joined:May 2011	Message Posted: Sep 15, 2012 12:25:09 PM Ignore puinsai808 Report Abuse good
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Sep 15, 2012 9:24:56 AM Ignore Agarre Report Abuse OK
drpepperTX Champion Author Texas Posts:8,934 Points:751,010 Joined:Apr 2011	Message Posted: Sep 15, 2012 9:18:08 AM Ignore drpepperTX Report Abuse Good news, more jobs and domestic oil remains priced well below Brent.
A2J Champion Author Richmond Posts:3,070 Points:601,975 Joined:Aug 2011	Message Posted: Sep 15, 2012 7:07:00 AM Ignore A2J Report Abuse Good
58salty Champion Author Jacksonville Posts:6,599 Points:627,940 Joined:Aug 2011	Message Posted: Sep 15, 2012 7:04:14 AM Ignore 58salty Report Abuse Keep American oil in America!! Take care of US 1st.
mossimo36 Champion Author St. Louis Posts:2,655 Points:494,900 Joined:Sep 2011	Message Posted: Sep 15, 2012 6:54:29 AM Ignore mossimo36 Report Abuse Interesting. Hope it brings some much needed jobs and oil price relief.
skippypa Champion Author Hawaii Posts:8,466 Points:1,738,980 Joined:Jun 2008	Message Posted: Sep 15, 2012 6:01:24 AM Ignore skippypa Report Abuse ok
gandalfthegrey1 Champion Author Houston Posts:1,184 Points:384,785 Joined:Feb 2011	Message Posted: Sep 15, 2012 5:41:54 AM Ignore gandalfthegrey1 Report Abuse Good! Hopefully it creates some jobs and brings revenue to the economy.
ReddevilNO Champion Author New Orleans Posts:3,360 Points:579,490 Joined:Aug 2011	Message Posted: Sep 15, 2012 5:41:45 AM Ignore ReddevilNO Report Abuse Ok.
wrunner Champion Author Virginia Posts:4,435 Points:1,134,635 Joined:Dec 2009	Message Posted: Sep 15, 2012 4:23:47 AM Ignore wrunner Report Abuse Great!
lgwhitlock Champion Author Chico Posts:7,375 Points:1,683,545 Joined:Jun 2008	Message Posted: Sep 15, 2012 3:13:03 AM Ignore lgwhitlock Report Abuse Nice to see oil companies investing in drilling here at home...
wegman Champion Author Twin Cities Posts:7,799 Points:2,086,640 Joined:Jun 2001	Message Posted: Sep 15, 2012 3:10:46 AM Ignore wegman Report Abuse A nice press release about a drilling company. WHO CARES????
jcurley Champion Author California Posts:7,893 Points:1,773,295 Joined:Dec 2007	Message Posted: Sep 15, 2012 3:05:21 AM Ignore jcurley Report Abuse Will that oil stay here in America? Probably not. It's worth more on the global market (see Brent crude versus WTI crude pricing).
ED6 Champion Author Riverside Posts:9,474 Points:1,849,180 Joined:Jul 2007	Message Posted: Sep 15, 2012 2:57:24 AM Ignore ED6 Report Abuse More oil but prices are up.
computernut2008 Champion Author Ohio Posts:6,562 Points:1,348,415 Joined:Oct 2008	Message Posted: Sep 15, 2012 2:55:07 AM Ignore computernut2008 Report Abuse ok
Pozole Champion Author Portland Posts:9,585 Points:1,592,570 Joined:Mar 2005	Message Posted: Sep 15, 2012 2:54:34 AM Ignore Pozole Report Abuse ...yep, lots of jobs, roughnecks & trouble...
mrjames1818 Champion Author New Jersey Posts:1,535 Points:1,996,145 Joined:Mar 2004	Message Posted: Sep 15, 2012 2:54:23 AM Ignore mrjames1818 Report Abuse And this means what?
UseLessGasFolks Champion Author Iowa Posts:5,436 Points:1,294,650 Joined:Jul 2007	Message Posted: Sep 15, 2012 2:51:13 AM Ignore UseLessGasFolks Report Abuse Much better to drill here than in the ANWR.
Sam195 Champion Author San Bernardino Posts:8,080 Points:1,573,125 Joined:Oct 2008	Message Posted: Sep 15, 2012 2:48:03 AM Ignore Sam195 Report Abuse I hear there are lots of jobs up there.
monieet All-Star Author California Posts:959 Points:528,355 Joined:Mar 2011	Message Posted: Sep 15, 2012 2:44:44 AM Ignore monieet Report Abuse OK
runner74 Champion Author Washington Posts:2,694 Points:566,290 Joined:Jun 2011	Message Posted: Sep 15, 2012 2:37:49 AM Ignore runner74 Report Abuse ok
Gasazhunter Champion Author Phoenix Posts:4,200 Points:1,025,770 Joined:May 2010	Message Posted: Sep 15, 2012 2:37:16 AM Ignore Gasazhunter Report Abuse Sweet.
JagXKR Champion Author British Columbia Posts:3,149 Points:1,089,580 Joined:Dec 2009	Message Posted: Sep 15, 2012 2:34:06 AM Ignore JagXKR Report Abuse Sure sounds like people are working which is helping the economic recovery, not like the $Billions wasted on solar (and other "green") companies that went bankrupt.
jimpeel Veteran Author Colorado Posts:462 Points:107,190 Joined:Mar 2005	Message Posted: Sep 15, 2012 2:32:10 AM Ignore jimpeel Report Abuse Jobs are created by the private sector. All the government can do is to kill jobs.
splitrman Champion Author Victoria Posts:1,310 Points:314,590 Joined:Jun 2012	Message Posted: Sep 15, 2012 2:27:11 AM Ignore splitrman Report Abuse nice. Maybe more jobs at home.
leeso1 Champion Author San Diego Posts:7,601 Points:1,371,150 Joined:May 2009	Message Posted: Sep 15, 2012 2:24:01 AM Ignore leeso1 Report Abuse yawn
RNCII Champion Author Michigan Posts:2,477 Points:642,105 Joined:Jun 2011	Message Posted: Sep 15, 2012 2:22:49 AM Ignore RNCII Report Abuse Don't forget taxed, regulated, protested, and demonized.
HYEgasCA Champion Author Fresno Posts:2,111 Points:909,125 Joined:Dec 2008	Message Posted: Sep 15, 2012 2:18:06 AM Ignore HYEgasCA Report Abuse your right Samo!!
Samo1961 Champion Author Los Angeles Posts:1,885 Points:618,725 Joined:Feb 2011	Message Posted: Sep 15, 2012 2:14:17 AM Ignore Samo1961 Report Abuse Who cares!!!
findcheap Champion Author Los Angeles Posts:9,587 Points:2,007,925 Joined:Apr 2007	Message Posted: Sep 15, 2012 2:11:39 AM Ignore findcheap Report Abuse ok
NavyEOD Champion Author Los Angeles Posts:9,996 Points:2,019,200 Joined:Jul 2007	Message Posted: Sep 15, 2012 2:09:14 AM Ignore NavyEOD Report Abuse Ok
WTLITNG Champion Author Virginia Posts:1,844 Points:1,013,245 Joined:Dec 2008	Message Posted: Sep 15, 2012 2:06:30 AM Ignore WTLITNG Report Abuse Finders keepers.
pa79th Champion Author Pennsylvania Posts:1,772 Points:1,214,900 Joined:Jun 2007	Message Posted: Sep 15, 2012 2:00:39 AM Ignore pa79th Report Abuse Us Company drilling a US well. Gotta love it. Of course, O will claim the government built it.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Sep 15, 2012 1:53:58 AM Ignore hubcapLA Report Abuse Doesn't seem like a lot of money.
vulcan96 Champion Author Ohio Posts:26,890 Points:3,101,725 Joined:Aug 2004	Message Posted: Sep 15, 2012 1:53:11 AM Ignore vulcan96 Report Abuse the feds need to be reigned in and cut down to size and all czars need to go bye , bye !!!
TheeRedRam Champion Author Hartford Posts:3,158 Points:671,660 Joined:Jun 2011	Message Posted: Sep 15, 2012 1:45:47 AM Ignore TheeRedRam Report Abuse Hummmm
Retowered Champion Author Colorado Posts:8,567 Points:2,683,465 Joined:May 2004	Message Posted: Sep 15, 2012 1:43:53 AM Ignore Retowered Report Abuse Okay.
mrselfdestruct All-Star Author Arkansas Posts:992 Points:166,175 Joined:Aug 2011	Message Posted: Sep 15, 2012 1:42:24 AM Ignore mrselfdestruct Report Abuse Can I get a share too?
Happytalk Champion Author Pennsylvania Posts:2,125 Points:575,915 Joined:May 2010	Message Posted: Sep 15, 2012 1:41:11 AM Ignore Happytalk Report Abuse keep the feds out
pepinoNC Champion Author Raleigh Posts:2,143 Points:656,840 Joined:May 2011	Message Posted: Sep 15, 2012 1:37:15 AM Ignore pepinoNC Report Abuse Eh
fishgaro Champion Author St. Louis Posts:1,484 Points:342,960 Joined:Apr 2012	Message Posted: Sep 15, 2012 1:34:42 AM Ignore fishgaro Report Abuse ok
lovinguy71 Veteran Author Greensboro Posts:443 Points:480,715 Joined:Feb 2006	Message Posted: Sep 15, 2012 1:31:30 AM Ignore lovinguy71 Report Abuse ok
gasmack Champion Author Ventura Posts:1,703 Points:666,510 Joined:Feb 2011	Message Posted: Sep 15, 2012 1:29:45 AM Ignore gasmack Report Abuse OK.
afghaned Champion Author Hamilton Posts:11,807 Points:1,284,370 Joined:May 2004	Message Posted: Sep 15, 2012 1:28:51 AM Ignore afghaned Report Abuse It' a big pie!!!
EVBuddy Champion Author Nevada Posts:16,680 Points:3,029,645 Joined:Sep 2004	Message Posted: Sep 15, 2012 1:28:47 AM Ignore EVBuddy Report Abuse More nonsence
texasvet Champion Author Texas Posts:3,823 Points:360,120 Joined:Jul 2009	Message Posted: Sep 15, 2012 1:28:23 AM Ignore texasvet Report Abuse Can you please spare us the company new releases?
MidNJ Champion Author New Jersey Posts:7,546 Points:1,171,810 Joined:Sep 2009	Message Posted: Sep 15, 2012 1:24:48 AM Ignore MidNJ Report Abuse Evidentally someones foreign policies arent working so good and we get stuck footing the bill.!!! STOP GREENIE WEENIES!!!