This May Be the First Real Sign of Shale Oil's Limits

January 6, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--From South Texas, small-sized shale player Magnolia Oil & Gas Corporation (NYSE:MGY) (Houston, Texas) trimmed its production estimate for the fourth quarter by 5%, begging the question if the sector is indeed slowing down, as many analysts expect.

Magnolia holds around 460,000 net acres in parts of the Eagle Ford shale basin and the affiliated Giddings field, which the company considers to be "a re-emerging oil play with significant upside."

Other companies featured: Pioneer Natural Resources (NYSE:PXD)