Magnolia Oil & Gas holds 460,000 net
acres (99%+ HBP) in Giddings field where
it sees significant upside and substantial
running room for development. Based
on conservative spacing assumptions,
the company has at least 1,000 locations.
Magnolia says the HBP nature of the asset
allows for systematic delineation and
optimization while staying within asset cash
flow. Through high-intensity completions,
Magnolia has seen a step-change in Austin
Chalk well performance. Its first four
operated well have averaged IP30s of 1,596
boe/d and IP90s of 1,827 boe/d per well.
During......
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