Magnolia Oil & Gas Corporation MGY Exploration Expense
Exploration Expense at other companies
Other financials
Where this comes from
Reported directly by Magnolia Oil & Gas Corporation in its filing.
Tagged under the XBRL concept us-gaap:ExplorationExpense.
The official record: Magnolia Oil & Gas Corporation’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Magnolia Oil & Gas Corporation's exploration expense?
- Magnolia Oil & Gas Corporation (MGY) reported exploration expense of $1.74M in Q1 2026.
- How has Magnolia Oil & Gas Corporation's exploration expense changed year-over-year?
- Magnolia Oil & Gas Corporation's exploration expense increased by 400.6% year-over-year, from $348K to $1.74M.
- What is the long-term trend for Magnolia Oil & Gas Corporation's exploration expense?
- Over 4 years (2021 to 2025), Magnolia Oil & Gas Corporation's exploration expense has grown at a -30.5% compound annual growth rate (CAGR), from $4.13M to $963K.
- What does exploration expense mean?
- This includes costs associated with geological and geophysical studies, exploratory drilling, and the evaluation of potential new reserves that do not qualify for capitalization. It reflects the company's investment in identifying future growth opportunities and expanding its resource base. High levels of this expense indicate an aggressive strategy to replace reserves through organic discovery.