Magnolia Oil & Gas
Magnolia Oil & Gas Corporation, commonly referred to as Magnolia Oil & Gas, is a prominent player in the US oil and gas industry, headquartered in Houston, Texas. Founded in 2017, the company has quickly established itself in key operational regions, particularly in the Eagle Ford Shale and the Austin Chalk formations. Specialising in the exploration and production of oil and natural gas, Magnolia Oil & Gas focuses on leveraging advanced technologies and efficient operational practices to optimise resource extraction. The company is recognised for its commitment to sustainability and operational excellence, which sets it apart in a competitive market. With a strong portfolio of assets and a strategic approach to growth, Magnolia Oil & Gas has achieved significant milestones, positioning itself as a reliable and innovative entity in the energy sector.
DitchCarbon Score
How does Magnolia Oil & Gas's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Magnolia Oil & Gas's score of 5 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magnolia Oil & Gas's reported carbon emissions
In 2023, Magnolia Oil & Gas reported global carbon emissions of approximately 479,393,000 kg CO2e for Scope 1 and about 12,072,000 kg CO2e for Scope 2. In the US, the company disclosed Scope 2 emissions of about 199,000 kg CO2e. Over the years, Magnolia has shown a commitment to monitoring and reporting its emissions, with significant figures from previous years including 445,322,000 kg CO2e in Scope 1 emissions in 2022 and 322,006,000 kg CO2e in 2021. The company has not set specific reduction targets or initiatives as per the available data, indicating a potential area for future commitment in climate action. Magnolia's emissions data reflects its operational footprint, with a focus on transparency in reporting. The company continues to engage with sustainability practices, although specific reduction initiatives or targets have not been disclosed.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 371,090,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Magnolia Oil & Gas is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
