Magnolia Oil & Gas

Website

Address

Nine Greenway Plaza, Suite 1300
Houston, TX 77046

Phone

713.842.9050

Company Description

Magnolia Oil & Gas Operating is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia’s South Texas asset platform comprise approximately 460,000 net acres targeting two of the top oil plays in the United States.

Magnolia Oil & Gas Operating ranks #53 in wells drilled in 2022 with 42 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.

Magnolia Oil & Gas Operating ranks #44 in air permits approved in 2022 with 10 permits in Texas.

Latest News

Magnolia Oil & Gas Corp. announced on Sept. 5 it has entered into a definitive purchase agreement with an undisclosed seller for the acquisition of oil and gas producing properties, including leasehold and mineral interests, in Giddings, Texas, for $300 million.

The acquisition adds 48,000 net acres to Magnolia’s position in Giddings, 96% operated and 91% working interest. Combined with a smaller acquisition made by Magnolia in July, Magnolia now holds over 500,000 net acres in Giddings.

Operations

Magnolia Oil & Gas Operations by County include

Washington County, TX ranks #39 in the state for BOE produced in the most recent month (Aug 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 664 wells that have been drilled from Jan 1993 to Aug 2022.

Karnes County, TX ranks #6 in the state for BOE produced in the most recent month (Aug 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 5,747 wells that have been drilled from Jan 1993 to Aug 2022.

Fayette County, TX ranks #52 in the state for BOE produced in the most recent month (Aug 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 1,707 wells that have been drilled from Jan 1993 to Aug 2022.