Magnolia Oil & Gas Corporation (MGY) is a publicly traded company in the Energy sector, operating within the Oil & Gas Exploration & Production industry. The company is headquartered in Houston, TX, United States. The current CEO is Christopher G. Stavros.
MGY has IPO date of 2017-06-29, 252 full-time employees, listed on the NYSE, a market capitalization of $5.31B.
Magnolia Oil & Gas Corporation is an independent oil and gas exploration and production company focused on acquiring, developing, and operating oil, natural gas, and natural gas liquids reserves in the United States. The company's primary operations are concentrated in South Texas, particularly in Karnes County and the Giddings Field, where it develops properties within the Eagle Ford Shale and Austin Chalk formations. As of December 31, 2021, Magnolia operated a significant asset base comprising approximately 471,263 net acres and 1,292 net wells with total production capacity of 66,000 barrels of oil equivalent per day. Incorporated in 2017 and headquartered in Houston, Texas, the company is positioned as a mid-sized producer in the competitive onshore U.S. oil and gas sector.
