Company: MGY
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001698990-25-000006
Chunk: 131

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 131
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The table below presents a summary of changes in the Company’s proved reserves. Magnolia’s proved undeveloped reserves are planned to be developed within one year. 

 Crude Oil (MMBbls)Natural Gas (Bcf)Natural GasLiquids (MMBbls)Total (MMboe)Total proved reserves:Balance December 31, 202158.7 255.4 34.1 135.4 Extensions9.7 67.0 10.6 31.5 Revisions of previous estimates5.6 29.9 2.5 13.0 Purchases of reserves in place1.1 11.5 1.6 4.6 Production(12.2)(50.7)(6.9)(27.5)Balance December 31, 202262.9 313.1 41.9 157.0 Extensions12.5 87.0 12.9 39.9 Revisions of previous estimates(1.7)(38.6)(1.3)(9.4)Purchases of reserves in place11.1 11.6 2.2 15.3 Sales of reserves in place— (17.4)— (2.9)Production(12.6)(55.1)(8.3)(30.1)Balance December 31, 202372.2 300.6 47.4 169.8 Extensions14.9 69.8 13.6 40.1 Revisions of previous estimates2.3 11.2 3.7 7.9 Purchases of reserves in place1.8 13.9 2.6 6.7 Production(14.0)(58.7)(9.0)(32.8)Balance December 31, 202477.2 336.8 58.3 191.7 Proved developed reserves:Balance, December 31, 202146.7 216.3 27.1 109.8 Balance, December 31, 202253.5 244.6 31.3 125.6 Balance, December 31, 202361.2 227.2 36.1 135.2 Balance, December 31, 202463.0 258.4 43.2