MGY - Magnolia Oil & Gas Corporation
About Magnolia Oil & Gas Corporation (https://www.magnoliaoilgas.com)
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.
Key Executives
| NAME | TITLE | DOB | SALARY |
|---|---|---|---|
| Christopher G. Stavros | President, Chief Executive Officer & Chairman | 1963 | $2,378,692 USD |
| Brian Michael Corales | Senior Vice President, Chief Financial Officer and Principal Accounting & Financial Officer | 1980 | $1,252,062 USD |
| Timothy D. Yang | Executive VP, Chief Legal and Commercial Officer, Corporate Secretary & Land | 1972 | $1,252,062 USD |
| Jim Johnson | Vice President of Finance, IR & Treasurer | – | – |
| Tom Fitter | Investor Relations Executive | – | – |