Magnolia Oil & Gas Expects Q4 D&C Capital To Be Approximately $125M
Portfolio Pulse from Benzinga Newsdesk
Magnolia Oil & Gas anticipates its Q4 D&C capital to be around $125 million, bringing the total 2024 capital budget to $450-$480 million. The increased activity is expected to enhance capital efficiency and flexibility in 2025, with Q4 production volumes projected at 93 Mboe/d, indicating high single-digit growth.
October 30, 2024 | 8:27 pm
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Magnolia Oil & Gas expects Q4 D&C capital to be $125M, aligning with a 2024 budget of $450-$480M. Increased activity is set to improve capital efficiency and flexibility, with Q4 production at 93 Mboe/d, indicating strong growth.
The news highlights Magnolia's strategic capital allocation and expected production growth, which are positive indicators for investors. The alignment with the 2024 budget and anticipated efficiency improvements suggest a favorable outlook.
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