Magnolia Oil & Gas Corporation focuses on the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids in the United States, primarily in South Texas. The company derives its revenue from the sale of crude oil, natural gas, and natural gas liquids, with significant operations in the Eagle Ford Shale and the Austin Chalk formation. As of the end of 2021, Magnolia held a leasehold position of approximately 471,263 net acres and produced around 66.0 thousand barrels of oil equivalent per day. Factors supporting endurance include the company's substantial asset base and the ongoing demand for energy resources, while volatility in oil and gas prices and regulatory changes could limit its long-term stability.
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Magnolia Oil & Gas Corporation focuses on the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids in the United States, primarily in South Texas. The company derives its revenue from the sale of crude oil, natural gas, and natural gas liquids, with significant operations in the Eagle Ford Shale and the Austin Chalk formation. As of the end of 2021, Magnolia held a leasehold position of approximately 471,263 net acres and produced around 66.0 thousand barrels of oil equivalent per day. Factors supporting endurance include the company's substantial asset base and the ongoing demand for energy resources, while volatility in oil and gas prices and regulatory changes could limit its long-term stability.
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Daily adjusted close
Magnolia Oil & Gas Corporation focuses on the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids in the United States, primarily in South Texas. The company derives its revenue from the sale of crude oil, natural gas, and natural gas liquids, with significant operations in the Eagle Ford Shale and the Austin Chalk formation. As of the end of 2021, Magnolia held a leasehold position of approximately 471,263 net acres and produced around 66.0 thousand barrels of oil equivalent per day. Factors supporting endurance include the company's substantial asset base and the ongoing demand for energy resources, while volatility in oil and gas prices and regulatory changes could limit its long-term stability.