Magnolia’s vision is to build a significant US onshore focused oil and gas production company. Run by highly experienced industry professionals with proven track records in building value, the Board believes that its collective experience in the acquisition of leases, development of projects and operations will allow it to take advantage of multiple opportunities in leading resource plays.
DEFINED INVESTMENT CRITERIA
Magnolia’s strategy is focused on increasing production by participating with successful operators in developmental wells on its acreage in the Bakken and Three Forks Sanish area in North Dakota and the Mississippi Lime, Woodford/Hunton Oil acreage in Oklahoma. The portfolio has been developed in tandem with leading US oil companies including Devon Energy, Marathon Oil & Gas and Continental Resources.