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Magnolia Oil & Gas (MGY) came into being as TPG Energy Pace back in 2017. The company began operations with Steve Chazen as CEO and chairman. A fairly large acquisition made a year ago has positioned Magnolia as a major Eagle Ford operator. Later, the Mr. Chazen was joined by another Occidental Petroleum (OXY) alumnus Christopher Stevens, who became CFO during the acquisition process.
The Occidental alumni have fairly extensive experience in the oil and gas industry. However, this is the first time they are attempting to build an oil and