View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 13, 2022

Magnolia Conventional Oil Field, US

By Carmen

Magnolia is a producing conventional oil field located in deepwater in the US and is operated by W&T Offshore. The field is located in block Garden Banks 783 and Garden Banks 784, with water depth of 4,710 feet.

Field participation details

The field is owned by W&T Offshore.


Production from Magnolia

The Magnolia conventional oil field recovered 82.25% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 24.98 thousand bpd of crude oil and condensate and 75 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038.


Remaining recoverable reserves

The field is expected to recover 12.34 Mmboe, comprised of 9.4 Mmbbl of crude oil & condensate and 17.64 bcf of natural gas reserves.


About W&T Offshore

W&T Offshore Inc (W&T Offshore) is an independent oil and natural gas company. It carries out acquisition, exploitation, development and exploration of oil and natural gas assets both onshore and offshore in the Gulf of Mexico and Alabama State Waters. The company acquires contracts to explore and develop new prospects and operate existing oil and natural gas properties in the deepwater, conventional shelf and the deep shelf. W&T Offshore also owns working interest in producing fields in federal and state waters, and has interests in offshore leasehold acreage spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama. W&T Offshore is headquartered at Houston, Texas, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU