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A&D - Magnolia bolt-ons hike Karnes Eagle Ford position 27% - May 2019
Recent agreements signed and/or completed by Magnolia Oil & Gas will add 4,620 net acres in the Karnes area of the Eagle Ford shale, increasing its position there to 21,460 net acres (64% operated). Of the total acquired acreage, 490 net acres were acquired in Q1, and acquisitions totaling 4,130 net acres are expected to close in Q2. The company said the assets should provide net production of 4,000 boe/d by the end this quarter. Magnolia’s total Q2 production is estimated......
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