Magnolia Oil & Gas
Magnolia Oil & Gas Corporation is an oil and natural gas company. It is engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. Its oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas, where it targets the Eagle Ford Shale and Austin Chalk formations. The Company’s assets consist of a total leasehold position of approximately 683,145 gross (471,263 net) acres, including 43,511 gross (23,785 net) acres in the Karnes area and 639,634 gross (447,478 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes County Assets also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
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Zacks Investment Research • 29 days ago • MGYMagnolia Oil & Gas (MGY) to Acquire Giddings Assets for $300M
Seeking Alpha • 29 days ago • MGYMagnolia Oil & Gas Announces Rare Producing Acreage Bolt On In Giddings
Business Wire • 29 days ago • MGYMagnolia Oil & Gas Announces Bolt-On Asset Acquisition in Giddings
Seeking Alpha • about a month ago • MGYMagnolia Oil & Gas: Increased Value After Positive Guidance Revisions
Zacks Investment Research • about a month ago • MGYMagnolia Oil & Gas Corp (MGY) Up 3.8% Since Last Earnings Report: Can It Continue?
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