- Integrating acquired assets to meet Magnolia’s operational standards
- Routine natural gas flaring at some acquired properties
- Higher costs for oilfield services and materials in 2023
Magnolia Oil & Gas Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Magnolia Oil & Gas Corporation disclosed greenhouse gas emissions of 479.4K tCO2e. By scope: Scope 1: 479.4K tCO2e; Scope 2: 12.1K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
479.4K tCO2e
2023
Water Usage
3.1M m3
2023
Energy Use
6.2M GJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 479.4K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 12.1K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 12 percent reduction in gross Scope 1 greenhouse gas intensity since 2019
- 86 percent reduction in flaring intensity rate from 2019 levels in 2023
- 24 percent reduction in the number of spills year-over-year
- 88 percent of oil production in 2023 from facilities with vapor recovery units (VRUs)
- More than doubled vapor compression horsepower deployed, increasing capture capacity from 8 to over 15 million cubic feet per day
- 604 ton per year reduction in methane emissions at one acquired facility
🌱 ESG Focus Areas
Greenhouse gas emissionsFlaringMethane emissionsSurface impactsWater managementEmployee safetyCommunity engagementStakeholder engagementCorporate governance