Where We Operate
Magnolia's South Texas asset platform includes a well-delineated, low-risk position in the core of Karnes County and a position in the Giddings Field, a re-emerging oil play with significant upside. Together, these positions comprise approximately 460,000 net acres targeting two of the top oil plays in the United States.
Karnes County: Core Eagle Ford and Austin Chalk
- World-class acreage footprint located in the core of the Eagle Ford, substantially de-risked
- Full field development allows for operational efficiencies and improved performance
- Well known, repeatable acreage position targeting multiple benches and representing some of the best economics in North America
Giddings Field: Redeveloping as an Emerging Play
- Emerging, high-growth asset with extensive inventory potential and significant development flexibility
- Held-by-production nature of asset allows for systematic delineation and optimization of play while staying within asset cash flow
- Modern high-intensity completions have resulted in a step-change improvement in well performance
- At least 1,000 locations based on conservative spacing assumptions