Magnolia Consolidated

Consolidated reserves and production for Magnolia Oil & Gas Corporation, an independent E&P operating in one reportable segment focused on the Eagle Ford Shale and Austin Chalk formations in the Karnes and Giddings areas of South Texas. Reserves are evaluated annually by independent petroleum engineering firm Miller and Lents. Total leasehold position of 818,230 gross (613,360 net) acres. 2025 average production of 99.8 Mboe/d (40% oil, 32% natural gas, 28% NGLs). The Company operated two rigs during 2025 with a disciplined free-cash-flow business model. Magnolia owns approximately 97.0% of Magnolia LLC. PUD reserves are planned to be developed within one year. The Company has elected not to disclose probable and possible reserves.