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 lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Magnolia Oil & Gas's reported carbon emissions
In 2023, Magnolia Oil & Gas reported total carbon emissions of approximately 491,365,000 kg CO2e, comprising 479,393,000 kg CO2e from Scope 1 emissions and 12,072,000 kg CO2e from Scope 2 emissions. This marks a slight increase in Scope 1 emissions compared to 2022, where they were approximately 445,322,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives as part of its climate commitments. In 2022, Magnolia's emissions included 445,322,000 kg CO2e from Scope 1 and 7,678,000 kg CO2e from Scope 2. The trend in emissions indicates a need for enhanced strategies to address greenhouse gas outputs, particularly in Scope 1, which includes direct emissions from owned or controlled sources. Magnolia Oil & Gas has not established any formal reduction targets or climate pledges, which may limit its ability to effectively manage and reduce its carbon footprint in alignment with industry standards. The absence of specific commitments highlights the importance of developing a comprehensive climate strategy to address the growing concerns surrounding carbon emissions in the oil and gas sector.
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Get Started| 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 committed to any reduction initiatives 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.
