Acquisitions & Divestitures

Magnolia Petroleum Plc, London, (London Aim: MAGP) plans to participate with privately held, Wichita, Kan.-based operator Slawson Exploration Co Inc., in the drilling of the Drone 2-34-27H well in North Dakota.

The well is to be in Sections 27 and 34-145N-93W in Dunn County. These same sections of the Middle Bakken were successfully drilled by the Drone #1 on Nov. 4 and resulted in an increase in production attributable to Magnolia across all its interests from 7 to approximately 20 barrels of oil equivalent per day.

As with Drone #1, ...