More Onshore US-focused junior producer Magnolia Petroleum said Friday that it expects strong production growth in 2014 as drilling activity increases on its already-producing US leases. Magnolia, which has stakes in dozens of producing assets in North Dakota and Oklahoma, reported that it has received a large number of proposals from operators such as Devon Energy, Newfield Exploration, Chesapeake Energy and Kodiak Exploration to drill increased-density (or infill) wells across its portfolio of producing leases. Magnolia said that since the start of the year it has elected to participate in nine increased-density wells. Four of these are Skunk Creek wells targeting the Bakken and Three Forks Sanish formation in North Dakota. In addition, the company is participating in an increased-density well targeting the Woodford formation on the same spacing unit as the producing Conduit 1-5 well in Oklahoma and four increased-density wells on the same unit as the producing […]