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Magnolia Oil & Gas Corporation

Company Summary

Description

Magnolia (MGY) is a publicly traded oil and gas exploration and production company with South Texas operations in the core of the Eagle Ford. Magnolia will focus on generating value for shareholders through steady production growth and free cash flow.

Website

http://www.magnoliaoilgas.com/

Operational Regions

  • Eagle Ford

Financial Data:

NYSE:TPGE from Google Finance

Tickers:

  • TPGE - New York Stock Exchange

Related Entities

Recent news

  • 9/6/2023 - Magnolia Oil and Gas... (subscriber access)
  • 2/15/2023 - Magnolia Oil & Gas... (subscriber access)
  • 2/15/2023 - Magnolia Oil & Gas... (subscriber access)
  • 2/15/2023 - Magnolia Oil & Gas... (subscriber access)
  • 1/5/2023 - Magnolia Oil and Gas... (subscriber access)

Investor Presentations

  • 3Q22 Earnings Presentation
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • July 2018 Investor Presentation (subscriber access)
  • Magnolia Investor Presentation (subscriber access)

Company Transactions

Date: 5/10/2019
Type: Acquisition

BUYERS:
  • Magnolia Oil & Gas Corporation
    • DETAILS:

    VOLUMES: 4 MBOE/d

    ACRES: 4600 Acres

    NOTES:
    Magnolia Oil & Gas utilized their excess cash flow in the first quarter of 2019 to purchase 4,600 net acres in the Karnes area through bolt-on acquisitions. This is expected to add 4 Mboe/d in second quarter 2019 production.
    REGIONS:
  • Eagle Ford

    • Date: 4/15/2019
    Type: Acquisition

    BUYERS:
  • Magnolia Oil & Gas Corporation
    • SELLERS:
  • Harvest Oil & Gas Corp.
    • DETAILS:

    COST: 42.8 $MM

    VOLUMES: 23.7 Mmcfe/d

    REGIONS:
  • San Juan Basin

    • Date: 9/19/2018
    Type: Acquisition

    BUYERS:
  • Magnolia Oil & Gas Corporation
    • SELLERS:
  • Harvest Oil & Gas Corp.
    • DETAILS:

    COST: 190 $MM

    VOLUMES: 29.9 Mmcfe/d

    REGIONS:
  • Eagle Ford
  • Austin Chalk

    • Date: 8/1/2018
    Type: Acquisition

    BUYERS:
  • Magnolia Oil & Gas Corporation
  • Magnolia Oil & Gas Operating LLC
    • SELLERS:
  • Enervest Ltd.
    • DETAILS:

    COST: 2.66 $B

    VOLUMES: 40 MBOE/d

    ACRES: 360000 Acres

    NOTES:
    As part of the deal, EnerVest and TPG are partnering to launch Magnolia Oil & Gas Corp., which will be led by TPG CEO Steve Chazen. Magnolia will hold 40 Mboe/d in Eagle Ford and Austin Chalk production on 360,000 total net acres in South Texas. The acreage includes 14,000 net acres in Karnes County and 345,000 net acres in the high-potential Giddings Field.
    REGIONS:
  • Eagle Ford