Magnolia Oil & Gas Corp.

Announced the pricing of the previously announced underwritten block trade of 7.5 million shares of the company’s Class A common stock by certain affiliates of EnerVest Ltd. Magnolia will not sell any shares of its Class A Common Stock in the offering or receive any proceeds from the offering. In connection with the offering, Magnolia agreed to purchase from the selling stockholders 2.5 million shares of the company’s Class B common stock at a price per share equal to the price per share at which the underwriter purchases shares of the company’s Class A common stock in the offering.