Magnolia Oil & Gas Focused on Traditional Value Creation Metrics A differentiated Independent E&P Company with the objective to generate stock market value over the long term, through: 1 Consistent organic production growth 2…
Magnolia Oil & Gas Corporate Overview High-quality, low-risk pure-play South Texas operator with a 474,000 Net Acres Position Targeting Two of the Top core Eagle Ford and Austin Chalk position acquired at an Oil Plays in the U.S.(1)…
Magnolia Oil & Gas Value Creation Strategy Value Creation Strategy Magnolia Oil & Gas Build a large scale Core Karnes County acreage with some of the best economics focused business in the U.S(1) Oily production base with superior…
Magnolia Oil & Gas Recent Developments & Q2 2018 Highlights Closed business combination with EnerVests South Texas Division on July 31 st Commenced trading as Magnolia Oil & Gas Corporation on the NYSE as MGY on August 1st Announced…
Magnolia Oil & Gas Asset Overview
Karnes County Core Eagle Ford and World Class Austin Chalk Key Asset Highlights Premier Position in the Core of the Eagle Ford World-class acreage footprint located in the core of the Eagle Ford, substantially de-risked 14,574 net…
Magnolia Oil & Gas Located in an Attractive Neighborhood Core position in Karnes County Oil Window adjacent to EOG and Marathon with 28 to 32/barrel breakevens(1) and less than 1-year new well paybacks (1) Source: RSEG. 9
Karnes County has some of the Best Economics in North America Results in Karnes County are some the best in North America Karnes Eagle Ford and Austin Chalk type curves produce 216,000 and 332,000 barrels of oil, respectively, in their…
Giddings Field Austin Chalk Redeveloping as an Emerging Play Giddings Asset Overview Lease Map Emerging, high-growth asset with extensive inventory potential and significant development flexibility 458,989 net acres(1), 99%+ HBP and…
Magnolia Oil & Gas Financial Overview
Magnolia Oil & Gas Corporation Financial Policy Capital Spending Plan Targeted at Conservative Financial Statements 50 - 60% of annual EBITDA with Low Financial Leverage (Plan expected to deliver 10%+ of annual…
Magnolia Oil & Gas Focus on High Margins 1H 2018 Actuals 1H 2018 Illustrative 50 WTI / 2.75 HH Benchmark Prices WTI (/bbl) 65.44 50.00 Henry Hub (/mcf) 2.82 2.75 Differentials Oil (/bbl) 2.40 2.40 Natural Gas (/mcf) (0.04) (0.04) NGL (%…
Cash Flow Priorities to Maximize Shareholder Returns Accretive Bolt-On Acquisitions Debt Share Reduction Repurchases Return- focused Value Creation With a targeted goal of always being free cash flow positive, Magnolia…
Magnolia Oil & Gas Harvest Acquisition Overview On August 31st, closed acquisition of substantially all of the South Texas Assets of Harvest Oil & Gas Corporation for 193 million in cash and stock Transaction consideration of 135…
Summary Investment Highlights Why Own Magnolia Oil & Gas High Quality Assets Positioned for Success Coveted position in core of Karnes County with industry leading breakevens between 28 - 32 per barrel(1) Emerging position in the…
Attractive Compared to In-Basin and Business Model Comps Magnolia will be in a class of its own from a cash flow generation perspective... Legend 2018E Free Cash Flow Yield(1) 9.7% 3.3% Magnolia 0.9% 0.0% NM (0.1%) (7.6%)…
Q2 & 1H 2018 Summary Results Production Volumes Karnes Q2 Giddings Q2 Total Q2 2018 Total Q1 2018 Total 1H 2018 Oil (Bbls/d) 27,428 2,593 30,022 29,166 29,597 Natural Gas (Mcf/d) 39,055 28,473 67,527 59,833 63,702 NGL (Bbls/d) 5,681…
Illustrative Fully Diluted Share Count & Current Ownership Illustrative Share Price Shares Share Counts in Millions 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 Ow ner % Ow ned (m illions) IPO Investors 65.0 65.0 65.0 65.0…
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