Magnolia Oil & Gas Corporation, a Houston-based company, is focused on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's properties are primarily located in South Texas, particularly in the Eagle Ford Shale and Austin Chalk formation in the Karnes County and Giddings area. The company, which was incorporated in 2017, has quickly established itself as a key player in the U.S. energy sector.