Magnolia is a producing conventional oil field located in deepwater in the US and is operated by W&T Offshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Garden Banks 783 and Garden Banks 784, with water depth of 4,710 feet. Buy the profile here.
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Field participation details
The field is owned by W&T Offshore.
Production from Magnolia
The Magnolia conventional oil field recovered 92.63% of its total recoverable reserves, with peak production in 2005. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031.
About W&T Offshore
W&T Offshore Inc (W&T Offshore) is an independent oil and natural gas company. The company 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.
For more details on the Magnolia Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
