Magnolia Petroleum One2One Investor Presentation - Proactive ...
Magnolia Petroleum One2One Investor Presentation - Proactive ...
Magnolia Petroleum One2One Investor Presentation - Proactive ...
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The Bakken / Three Forks Sanish Formations<br />
• The Bakken:<br />
• 3.0 - 4.3 billion boe estimated recoverable oil reserves (U.S. Geological Survey - USGS)<br />
• Covers 200,000 square miles of the subsurface<br />
• Horizontal drilling and fracture stimulation technology has reopened the play<br />
• Daily production estimated to exceed 700,000 bopd by 2013 and 1.2 MMbopd by 2019<br />
• 4,000 active wells – the majority drilled in last five years<br />
• Largest Bakken field produces circa 30,000 bopd from 60 wells<br />
• Three Forks Sanish (TFS):<br />
• 2 billion boe estimated recoverable oil reserves (USGS)<br />
• A separate reservoir beneath the Bakken<br />
• At early stage of development<br />
• Three possible shelves<br />
• 2,303 bopd and 1,234 bopd - initial production rates of <strong>Magnolia</strong>’s first two TFS wells,<br />
the highest for the Company<br />
9<br />
| MAGNOLIA PETROLEUM PLC | September 2012