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The reservoir matrix permeability also appears to be as good, or better, than the Company’s pre-drill, base case estimate of reservoir permeability, a key driver for the estimated improvement in the resource base. The Company hedged a total of 18,000 barrels of oil (“bbls”) in Q1. net wells).
Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.
Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.
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