Foo Fam's questions to Magnolia Oil & Gas Corp (MGY) leadership • Q2 2025
Question
Foo Fam of Roth Capital asked for more specific details on the Giddings acreage expansion, particularly the number of appraisal wells drilled that contributed to the increase.
Answer
CEO Christopher Stavros explained that Magnolia's appraisal program is an ongoing effort, typically constituting about 10% of the overall program. He described it as a continuous process of testing new concepts and examining areas for different opportunities, which can lead to de-risking more acreage and identifying further bolt-on acquisitions, rather than being a function of a specific number of wells in a single quarter.