Magnolia Oil & Gas Corp. MGY

What this company does

Magnolia Oil & Gas Corporation is an independent oil and natural gas company 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 the Karnes and Giddings areas in South Texas, where it targets the Eagle Ford Shale and Austin Chalk formations. On December 31, 2025, Magnolia had 262 employees, with 117 of those employees located in the Company's field offices in Giddings and Gillett, Texas, and 145 located at its corporate headquarters in Houston, Texas. As of December 31, 2025, Magnolia's assets consisted of a total leasehold position of 818,230 gross (613,360 net) acres, including 79,350 gross (55,370 net) acres in the Karnes area and 738,880 gross (557,990 net) acres in the Giddings area. As of December 31, 2025, Magnolia had 2,867 gross (1,948 net) wells, with total production of 99.8 Mboe/d for the year then ended. The company operates in one reportable segment engaged in the acquisition, development, exploration, and production of oil and natural gas properties located in the United States. For the year ended December 31, 2025, two customers, including their subsidiaries, accounted for 41% and 20% of the Company's combined oil, natural gas, and NGL revenue. Magnolia is incorporated in Delaware and has its principal executive offices at Nine Greenway Plaza, Suite 1300, Houston, Texas.

Written from the business description in Magnolia Oil & Gas Corp's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.