Guidance raised on outperformance
Magnolia Oil & Gas (ticker: MGY) announced its first quarterly results since its acquisition of assets from EnerVest, giving an initial view into Steve Chazen’s new company.

Magnolia was formed from TGP Pace Energy Holding’s $2.66 billion acquisition of EnerVest’s Eagle Ford assets earlier this year. The transaction closed at the end of July, giving Magnolia a major asset base to develop.

The company owns nearly 360,000 net acres in the Karnes Trough and the northern Eagle Ford, a play Magnolia r...


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