July 1, 2015

Magellan has taken an interest in an 8,900’ Hackberry Formation exploration well in Orange County, Texas. The well is scheduled to commence in August 2015.

Pic A-Rainbow Railroad clearing location

January 20, 2015

The recent dramatic fall in oil prices coupled with a decline in production rates to 870 BOPD has led Magellan to elect to withdraw from the Langsa redevelopment project.

 

December 27, 2014

Pertamina lifted 81,326 barrels of oil to tanker JAG LEELA from the Langsa Field FPSO.

Pic G-Langsa Tanker Lifting Oil

November 25, 2014

Pertamina lifted 161,000 barrels of oil from Langsa Field FPSO.

Pic C-Langsa Tanker Lifting Oil

September 1, 2014

The Langsa Field was temporarily shut in on 13 August 2014 for repairs to the floating production system and production resumed at rates over 2,000 BOPD on 1 September 2014.

Pic B-FPSO MV8 Langsa Venture

August 27, 2014

Pertamina lifted 94,539 barrels of oil from the floating production system at Langsa Field to tanker Alhamdillah Hawser.

Pic F-Norshore Rig Picture

July 12, 2014

Magellan has agreed to participate in the redevelopment of the Langsa Field, offshore Sumatra, Indonesia. The L-3 well has recommenced production and is presently producing at a rate of 2,200 barrels of oil per day with no water. Magellan holds a 10% interest.

September 6, 2012

MU818L CLOSING IN ON PRODUCTION
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Oil Voice reports that Silvermere Energy Plc. and Worthington Energy Inc. received confirmation on September 5, 2011 from the operator, Dominion Production Company, LLC. that a tripod platform fabrication, installation and tie-in contract with Laredo Construction, Inc. has been entered into on behalf of the working interest partners. Visit Oil Voice News & 46th Oil barrel Conference. Magellan holds a 5% overriding royalty.

sept6

November 18, 2011

926 PRODUCTION COMMENCES

Magellan announced that the first production of gas and condensate has begun at Mustang Island 926 field. The Magellan Mustang Island well #1 sidetrack tested at a rate of 5 mmcfd and 174 barrels of condensate per day.

nov18

June 1st, 2011​

​PALOMA ENGINEERING AWARDED

​Paloma Engineering has been selected to set the platform topside for Mustang Island 926

june1st

September 25, 2008

​RAYMOND L. LAGARDE APPOINTED PRESIDENT OF MAGELLAN E&P HOLDINGS, INC.

The Board of Directors of the Company is pleased to announce that Raymond L. LaGarde has been appointed President of Magellan E&P Holdings, Inc.

mang2

August 1, 2008

​MAGELLAN ANNOUNCES HUDDLESTON ENGINEERING RESERVE REPORT

Huddleston & Co., Inc, has issued a reserve report for the Magellan Mustang Island Block 926 Well #1 Sidetrack wherein Huddleston calculated volumetric Proven Non-Producing Reserves of 3.06 BCF of gas and 105,000 barrels of condensate from one tested horizon.

 

June 28, 2008

​MUSTANG ISLAND 926/921 POOLING AGREEMENT

Magellan announced that it has received approval from the Texas General Land Office for the Pooling of 926 and 921 leases located in Mustang Island.

 

​June 16, 2008

​MUSTANG ISLAND 926/921 UPDATE

Magellan announced it has scheduled installation of its offshore production facilities before the end of 2008 in its Mustang Island 926/921 lease.

 

April 1, 2008

​MAGELLAN SECURES ADDITIONAL ACREAGE OFFSHORE TEXAS

Magellan today announced that it is the high bidder and has acquired additional acreage offshore Texas at the Texas lease sale held today in Austin, Texas. Magellan acquired the acreage over the former Samedan Field in Block 818L.

 

January 5, 2008

​MAGELLAN CONTRACTS STAR ENGINEERING SERVICES

Magellan today contracted Star Engineering to perform design and installation work on the 926/921 production facilities. When complete, the facilities will have the capability to handle up to 15MMCFD of Gas and up to 1,000BOCPD.

 

​November 14, 2007

​MAGELLAN ANNOUNCES SUCCESSFUL TEST OF ITS SIDETRACK #1 WELL

Magellan today announced the successful test of its #1 Well in Mustang Island. The Well tested commercial quantities of gas and condensate from the middle Frio formation.