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MGY - Magnolia Oil & Gas: Keeping Busy And Sticking To The Plan As They Ride Out Low Prices
Magnolia Oil & Gas Corporation Class A
This is a Z4 pre quarterly release update. We spoke briefly with management recently. Our thoughts:
First, don't look for any new well results this quarter as they did not have a frac spread working during the quarter. This should be pretty well known. When we spoke they were still drilling on the three well Goodrich pad in Washington County in the "development area" which is about 70,000 acres of their massive Giddings position.
Karnes is currently without a rig which should also be well known and makes sense to us given the more known