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 10 is higher than 51% 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 2024, Magnolia Oil & Gas reported significant carbon emissions, with Scope 1 emissions totalling approximately 622,491,000,000 kg CO2e and Scope 2 emissions at about 19,001,000,000 kg CO2e. This follows a similar trend in 2023, where Scope 1 emissions were around 626,933,000,000 kg CO2e and Scope 2 emissions were approximately 18,638,000,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Over the past few years, there has been a notable increase in emissions, with Scope 1 emissions rising from about 322,006,000 kg CO2e in 2021 to the current levels in 2024. Despite the lack of specific reduction targets or initiatives, Magnolia Oil & Gas is expected to align with industry standards and practices in addressing climate change. The absence of documented reduction targets suggests that the company may need to enhance its climate commitments to meet evolving regulatory and stakeholder expectations. Overall, Magnolia Oil & Gas's emissions data reflects the challenges faced by the oil and gas sector in reducing carbon footprints while maintaining operational efficiency.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 371,090,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000,000,000 | 000,000,000,000,000 |
| Scope 2 | - | - | - | 0,000,000 | 00,000,000,000,000 | 00,000,000,000,000 |
| 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.
