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STS - Magnolia flows two of its best Giddings wells to date - June 18, 2020
During Q1, Magnolia Oil & Gas turned four new wells to sales in its Giddings area in southeast Texas with initial 60-day oil rates averaging 800 bo/d apiece, representing 75% of their overall output during that time frame. These included a two-well pad to replicate early-stage development, which generated 90-day oil rates of 1,000 bo/d per well and were called “two of our best wells drilled to date” by CEO Steve Chazen in a......
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