Magnolia Oil & Gas (MGY) Stock Analysis
NYSEEnergyOil & Gas Exploration & Production
What Magnolia Oil & Gas does
Magnolia Oil & Gas Corporation is an energy company engaged in the full lifecycle of hydrocarbon resource management: acquisition, development, exploration, and production of crude oil, natural gas, and natural gas liquids (NGLs) within the United States. Its operational focus is primarily situated in South Texas, specifically within Karnes County and the Giddings Field, where its assets primarily tap into the rich Eagle Ford Shale and Austin Chalk geological formations. According to its December 31, 2021, filing, the company's holdings comprised a substantial leasehold of 471,263 net acres. This total was broken down into 23,785 net acres in Karnes and a larger 447,478 net acres within the Giddings region. In addition, it managed 1,292 net wells, which collectively yielded a production capacity of 66,000 barrels of oil equivalent per day. Headquartered in Houston, Texas, the company began its operations in 2017.
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Frequently asked questions
- What is the ticker symbol for Magnolia Oil & Gas?
- Magnolia Oil & Gas trades under the ticker MGY on NYSE.
- Which exchange is MGY listed on?
- MGY is listed on NYSE.
- What sector does Magnolia Oil & Gas operate in?
- Magnolia Oil & Gas is classified in the Energy sector (Oil & Gas Exploration & Production industry).
- How can PortView help analyze MGY in a portfolio?
- PortView shows MGY's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.
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