Magnolia Oil & Gas Corporation is a US-based company that acquires, develops, explores, and produces oil, natural gas, and natural gas liquids reserves. The company's holdings include properties in Karnes County and the Giddings Field in South Texas, mainly consisting of the Eagle Ford Shale and the Austin Chalk formation. Magnolia Oil & Gas has a considerable leasehold position of 4,71,263 net acres and currently holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day.