MGY

Magnolia Oil & Gas Corp

A Houston-based company that extracts crude oil, natural gas, and natural gas liquids from South Texas, working the Eagle Ford Shale and Austin Chalk formations and selling its output to refiners and processors. Born in 2018 when TPG Pace Energy Holdings combined with EnerVest's South Texas assets, the firm's name reaches back to the original Magnolia Petroleum Company, founded in 1911 and named for the Sealy family's favorite aunt, Magnolia — not the flower.