Magnolia Oil & Gas Corporation provided production guidance for the second quarter and reiterates production guidance for the full year of 2024. Total production for the second quarter to be approximately 89 Mboe d.

The company is reiterating the Company's full-year 2024 capital spending and production guidance, with D&C capital expected to be in the range of $450 to $480 million. The company estimates this should deliver high single digit total production growth during this year as compared to 2023, and with oil production growing at a similar rate.