Magnolia Petroleum is pleased to announce its participation in four new wells in North Dakota. All four wells are to be drilled on the same spacing unit as the Skunk Creek 14H and Skunk Creek 15H wells that are producing from the Bakken and Three Forks Sanish formations.

This update is in line with the Company’s strategy to rapidly build production and prove up the reserves on its leases in oil rich formations, including the Bakken in North Dakota and Mississippi Lime in Oklahoma.

The Company is participating in the following four wells at an aggregate net cost of US$220,072:

Tags: Magnolia Petroleum