Oil and Gas Round-Up – 25 January
A few well spuds, financings and generally positive updates this week in the SmallCapNews universe.
Magnolia Petroleum upbeat on production from new wells
US E&P company Magnolia Petroleum (LON:MAGP) has reported on initial production rates from two new wells in the Wilcox formation, Oklahoma.
Oil and Gas Round-Up – 4 January
Not very much news to report in the SmallCapNews universe in the first week of the New Year.
Magnolia Petroleum to acquire new Bakken acreage in Montana
US onshore oil and gas company Magnolia Petroleum (LON:MAGP) has agreed a deal to acquire 985 net mineral acres in Montana for US$546,000 in cash.
Magnolia Petroleum spuds first operated well in Oklahoma
US onshore oil and gas company Magnolia Petroleum (LON:MAGP) has spudded the Roger Swartz #1 well in Oklahoma.
Magnolia Petroleum snaps up Bakken Formation acreage in Montana
US oil and gas group Magnolia Petroleum (LON:MAGP) has agreed to acquire 6,700 net mineral acres in Montana for US$4 million in cash.
Magnolia Petroleum signs rig contract for first operated well
US oil and gas exploration and production company Magnolia Petroleum (LON:MAGP) has signed a rig contract for what will be its first operated well.
Magnolia Petroleum involved in two new wells in North Dakota
US focused oil and gas company Magnolia Petroleum (LON:MAGP) is participating in two further wells targeting the prolific Bakken and Three Forks Sanish formations in North Dakota.
Magnolia Petroleum on target for 100 production wells
Magnolia Petroleum (LON:MAGP), the US onshore exploration and production company, is on track to meet its target of owning stakes in 100 production wells by the end of the year.
Magnolia Petroleum set to participate in three more wells in Oklahoma
US focused oil and gas group Magnolia Petroleum (LON:MAGP) is set to participate in three further wells in proven onshore oil plays in Oklahoma, as part of its expansion strategy to rapidly build production and revenues.
Magnolia Petroleum acquires more acreage in Oklahoma
Magnolia Petroleum (LON:MAGP), the US focused oil and gas E&P company, has acquired additional acreage in the proven and producing onshore hydrocarbon formations, the Mississippi and Woodford in Oklahoma.
Magnolia Petroleum raises new cash for expansion plans
Magnolia Petroleum (LON:MAGP) has raised £1.3 million in an oversubscribed placing of shares priced at 1.3p each. Magnolia has been an active acquirer of leases over the Mississippi oil play in Oklahoma in recent months and is planning to use the new cash to fund further deals.
