Oliver Wong's questions to Magnolia Oil & Gas Corp (MGY) leadership • Q1 2025
Question
Oliver Wong questioned the triggers for altering the capital program, such as deferring completions or dropping rigs, and asked for an update on oilfield service cost trends.
Answer
President and CEO Christopher Stavros responded that due to significant well outperformance, the company is not currently pressured to drop a rig or make major activity changes. He emphasized their flexibility and adherence to the 55% reinvestment rate cap. He also noted that service costs are currently flat, with potential for some softness in the second half of the year if commodity prices remain at current levels.