Management at Magnolia Oil and Gas Corp. said sticking to the South Texas-focused independent’s game plan resulted in an exceptional second quarter. CEO Steve Chazen said Magnolia, in its fourth year as a publicly held exploration and production (E&P) company, operates on a tried-and-true business model. “We have consistently executed our strategy, which prioritizes disciplined…
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Eagle Ford Shale pure-play Magnolia Oil & Gas Corp. has boosted its 2018 production guidance on better-than-expected production results in the second quarter, and the company is considering some bolt-ons to build the inventory, CEO Steve Chazen said Tuesday.
GeoSouthern Energy Corp. will use the proceeds from a $1 billion credit facility that closed Thursday to continue the development of its 173,000 gross acre position in the condensate and oil windows of the Eagle Ford Shale in South Texas, the privately held independent exploration and production company said.