Magnolia Oil & Gas Operating, Magnolia Oil & Gas Finance Intend To Offer $500M Senior Notes Due 2034

Magnolia Oil & Gas Corp. Class A

Magnolia Oil & Gas Corp. Class A

MGY

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Magnolia Oil & Gas Operating LLC ("Magnolia Operating") and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, ("Finance Corp." and, together with Magnolia Operating, the "Issuers") announced today that they intend to offer, subject to market conditions and other factors, $500 million in aggregate principal amount of senior unsecured notes due 2034 (the "Notes") in a private placement to eligible purchasers (the "Notes Offering").