NYSE: MGY
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Upstream · Independent E&P
Magnolia Oil & Gas
Magnolia Oil & Gas is a Houston-based independent E&P company with high-quality assets in South Texas's Eagle Ford and Austin Chalk formations.
Magnolia Oil & Gas Corp. is an independent oil and natural gas company headquartered in Houston, Texas. The company focuses on the acquisition, development, exploration, and production of oil and natural gas reserves in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia is known for its conservative financial approach, low leverage, and strong free cash flow generation.
Headquarters
Houston, TX
Founded
2018
Employees
450+
Revenue
$1.4 billion (2023)
CEO
Chris Stavros
Website
magnoliaoilgas.comMagnolia Oil & Gas was formed in 2018 when the former EnerVest Ltd. merged with a special purpose acquisition company. Under CEO Steve Chazen (former Occidental Petroleum CEO, who led the company until 2023), Magnolia was managed with a focus on returns and capital discipline rather than growth for growth's sake.
Magnolia operates approximately 475,000 net acres in the Eagle Ford Shale and Austin Chalk formations in South Texas, primarily in the Karnes and DeWitt county area, which is considered some of the best acreage in the Eagle Ford. The company runs a consistent drilling program focused on generating strong returns.
Houston, TX
Amplify Energy
Independent E&P · Houston, TX
Callon Petroleum
Independent E&P · Houston, TX
Centennial Resource Development
Permian Basin E&P · Houston, TX
Comstock Resources
Natural Gas E&P · Frisco, TX (Houston Operations)
ConocoPhillips
Independent E&P · Houston, TX
Coterra Energy
Independent E&P · Houston, TX
EOG Resources is one of the largest independent E&P companies in the US, known for its technical innovation and premium drilling locations, headquartered in Houston.
Devon Energy is a leading independent E&P company with significant Houston-area operations and major Permian Basin assets.
ConocoPhillips is the world's largest independent exploration and production company, headquartered in Houston, Texas.
Coterra Energy is a Houston-based E&P company with premier assets in the Permian Basin, Marcellus Shale, and Anadarko Basin.
We value your privacy
We use cookies to enhance your browsing experience, serve personalized ads, and analyze site traffic. By clicking "Accept All", you consent to our use of cookies.