Magnolia Oil & Gas Corporation provided preliminary production guidance for the fourth quarter 2022 and full year 2023. For the fourth quarter 2022, the company estimated oil and gas production volumes in the range of 73 to 74 Mboe per day, compared to the midpoint of the Company's earlier guidance of 78 Mboe per day.

For the year, the company expects to generate production growth of 10% compared to last year, at current product prices.