Magnolia Burnett
Conventional producing assets with PDNP, PUD, behind pipe and new drill upside potential
The Magnolia and Burnett non-operated assets cover acreage across ten counties in the onshore Gulf Coast region and the south east of Texas.
Project Highlights:
- 19 active wells at Magnolia producing at a rate of about 102boped
- 32 active wells at Burnett with a production rate of 50boped
- Production is derived from multiple formations and intervals including the Yegua and Wilcox formations
- Proven reserves of 663mboe at Magnolia
- Proven reserves of 386mboe at Burnett
- Varying working interests and net revenue interests
- PDNP and PUD upside at Burnett
- Behind pipe and new drill upside at Magnolia