Magnolia Oil & Gas sees Q4 D&C capital spending roughly $110M

The company said, “Fourth quarter 2025 D&C capital spending is estimated to be roughly $110 million, bringing the Company’s estimated total capital spending for the year and near the midpoint of our earlier guidance of approximately $450 million. This includes an estimate of non-operated capital that is similar to 2024 levels. As Magnolia has continued to benefit from strong overall well performance throughout this year, we are reiterating our full-year 2025 outlook for total production growth of approximately 10 percent, compared to our guidance at the beginning of the year of 5 to 7 percent. Total production for the fourth quarter is estimated to be approximately 101 Mboe/d, and we expect that both total production and oil production for the quarter to be at their highest levels of the year. We expect LOE to decline slightly to approximately $5.20 per boe in the fourth quarter and with full-year 2025 LOE anticipated to be at least 5 percent lower than levels seen in 2024.”