Magnolia Oil & Gas Corporation MGY Exploration Expense

Exploration Expense at other companies

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$75M-7.4%

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$21M+40.0%

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$39.3M+278%

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$6.52M+2,030%

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FAQ

What is Magnolia Oil & Gas Corporation's exploration expense?

Magnolia Oil & Gas Corporation (MGY) reported exploration expense of $213K in Q2 2026.

How has Magnolia Oil & Gas Corporation's exploration expense changed year-over-year?

Magnolia Oil & Gas Corporation's exploration expense decreased by 41.3% year-over-year, from $363K to $213K.

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.