Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Magnum Energy Wraps Up Third HZ Provost Well

change text size

Magnum Energy Inc. announced that it has completed its third successful horizontal well in its Provost Viking light oil property in southeastern Alberta. The well, in which Magnum has an operated 50 percent working interest, was rig released in November, 2012, after the successful drilling of a 2,103-foot (641-meter) horizontal leg. Completion operations commenced in early January, 2013 with a ten stage fracture stimulation. The well is currently being prepared for testing and will be equipped and placed on production in the coming weeks.

The Corporation has identified multiple offset drilling locations across its Provost land holdings and plans to focus the majority of its 2013 capital program in the Provost area, targeting lower-risk horizontal development drilling (immediately offsetting existing production), in combination with the drilling of mapped Viking oil on lands where Magnum has limited reserves assigned to date.

Richard Nemeth, President and CEO, commented, "We are encouraged by the results of this most recent well at Provost and the continued positive production performance observed to date from the two Viking horizontal oil wells drilled in mid-2012."

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Subsea Structural Designer- Inventor
Expertise: CAD/CAM, Structural Engineering, Subsea Engineering
Location: Houston, TX
 
Senior Subsea Engineer, MUX
Expertise: Subsea Engineer
Location: Asia/ North Sea
 
Construction Supervisor (Oil&Gas)
Expertise: Construction Engineer, Petroleum Engineering
Location: Tricity
 
search for more jobs