Magnolia Oil & Gas forecasts 2027 drilling and completion spending of $900 million-$950 million
MGY•Magnolia Oil & Gas forecasts 2027 organic production growth of 4%-5% and drilling and completion spending of $900 million-$950 million. It expects fourth-quarter 2026 production of 159,000-161,000 barrels of oil equivalent per day and about $235 million in drilling and completion spending.
1. 2027 outlook
Magnolia Oil & Gas forecasts 2027 organic production growth of 4%-5%, with drilling and completion spending of $900 million-$950 million. For the fourth quarter of 2026, it expects production of 159,000-161,000 barrels of oil equivalent per day and about $235 million in drilling and completion spending.
2. Synergies and debt
Annual synergies from the WildFire acquisition are expected to exceed $100 million by year-end 2027, with more than three-quarters expected by midyear. Net debt was approximately $1.9 billion at September 30, 2026, below 1.0 times estimated 2027 EBITDA at current strip prices.
