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Magnolia Oil & Gas Operating LLC is a Fort Worth company engaged in oil and gas exploration and production.
Founded in 2017 and based in Fort Worth, US, Magnolia Oil & Gas Operating LLC explores for and produces oil and gas. The company emerged after a 2018 merger with the South Texas oil and gas division of Enervest. CEO Gail Baggett and founder Ina Progonati lead the company. Its IPO raised USD 600 mn in May 2017, and it reported zero revenue and EBITDA of -USD 1,051,702 for 2017.
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