Magnolia Petroleum P (MGPTF) 0.0180 $MGPTF
Earthstone Energy Commences Texas Wells
Marketwire - Thu Apr 03, 2:41PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company has commenced drilling operations on three wells in its West Cole North Unit (the Unit), located in Webb County, Texas. The first two wells, the WCNU #124 and the WCNU #125, have been drilled and the results of the these two wells are encouraging. The third well, the WCNU #126, is currently drilling. The target zone is the Mirando Sand, a Jackson formation member, at approximately 2,350 feet. The West Cole Field was discovered in the late 1920s/early 1930s by several companies, including Magnolia Petroleum Company. The field was unitized in 1977 by Basic Earth Science Systems, Inc, Earthstone's predecessor in name. The Unit currently generates approximately 10% of the Company's oil production and revenue.
Earthstone Energy Commences Texas Wells
Marketwire - Thu Apr 03, 2:41PM CDT
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported that the Company has commenced drilling operations on three wells in its West Cole North Unit (the Unit), located in Webb County, Texas. The first two wells, the WCNU #124 and the WCNU #125, have been drilled and the results of the these two wells are encouraging. The third well, the WCNU #126, is currently drilling. The target zone is the Mirando Sand, a Jackson formation member, at approximately 2,350 feet. The West Cole Field was discovered in the late 1920s/early 1930s by several companies, including Magnolia Petroleum Company. The field was unitized in 1977 by Basic Earth Science Systems, Inc, Earthstone's predecessor in name. The Unit currently generates approximately 10% of the Company's oil production and revenue.
