Magnolia Oil & Gas Corp

Common Name
Magnolia Oil & Gas
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
252
Ticker
MGY
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Magnolia Oil & Gas Corp. is an independent oil and natural gas exploration and production company focused primarily on the prolific Eagle Ford Shale and Austin Chalk formations of South Texas. Its pri...

Magnolia Oil & Gas's GHG Emissions Data Preview

In 2023, Magnolia Oil & Gas completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Magnolia Oil & Gas has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Magnolia Oil & Gas’s Greenhouse Gas (GHG) Emissions Data

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a. Magnolia Oil & Gas's Sustainability Report 2024
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Insights into Magnolia Oil & Gas's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Magnolia Oil & Gas amounted to 491,465 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Magnolia Oil & Gas increased by 8.49%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Magnolia Oil & Gas's Scope 1 Emissions Over Time

201920202021202220230150 k300 k450 k600 ktCO2e-16%+3%+38%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Magnolia Oil & Gas's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Magnolia Oil & Gas were 479,393 metric tons of CO₂ equivalent (tCO₂e). a

Has Magnolia Oil & Gas reduced its Scope 1 emissions over time?

Since 2019, Magnolia Oil & Gas's Scope 1 emissions have increased by 29.19%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Magnolia Oil & Gas's Scope 1 emissions increased by 7.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Magnolia Oil & Gas's Scope 2 emissions?

In 2023, Magnolia Oil & Gas reported Scope 2 greenhouse gas (GHG) emissions of 12,072 tCO₂e without specifying the calculation method. a

Has Magnolia Oil & Gas reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Magnolia Oil & Gas's Scope 2 emissions (Unspecified Calculation Method) rose by 57.23% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Magnolia Oil & Gas use for Scope 2 reporting?

In 2023, Magnolia Oil & Gas reported its Scope 2 emissions using an unspecified methodology. a

Magnolia Oil & Gas's Scope 2 Emissions Over Time

2022202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)
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