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.” State 36-2R well evaluation The Zephyr team has conducted an integrated post well evaluation incorporating all geological, geophysical and engineering data gathered from the State 36-2R well and from the greater field area. The key results from the evaluation are set out below. Gross Recoverable Condensate (MMBC) 3.5
Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Magnolia Oil & Gas: All Eyes on Giddings Magnolia has committed heavily to its Giddings Field assets, which are centered in the Austin Chalk. The field accounted for 77% of the companys Q4 2024 production, averaging 71,800 boe /d.
Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Magnolia Oil & Gas: All Eyes on Giddings Magnolia has committed heavily to its Giddings Field assets, which are centered in the Austin Chalk. The field accounted for 77% of the companys Q4 2024 production, averaging 71,800 boe /d.
While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields. MMBbl/d in 2025. MMBbl/d in 2025. Chevrons St.
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