Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
REVENUES
Total revenues	$ 121,067	$ 244,799	$ 385,271	$ 706,432
OPERATING EXPENSES
Lease operating expenses	18,802	24,344	61,275	70,752
Gathering, transportation, and processing	5,771	9,270	20,579	26,016
Taxes other than income	7,331	13,333	22,874	40,825
Exploration expense	701	3,924	563,589	10,017
Impairment of oil and natural gas properties	0	0	1,381,258	0
Asset retirement obligation accretion	1,501	1,394	4,403	4,095
Depreciation, depletion and amortization	44,731	143,894	238,273	385,942
Amortization of intangible assets	3,626	3,626	10,879	10,879
General and administrative expenses	16,663	17,345	50,472	52,651
Transaction related costs	0	0	0	438
Total operating costs and expenses	99,126	217,130	2,353,602	601,615
OPERATING INCOME (LOSS)	21,941	27,669	(1,968,331)	104,817
OTHER INCOME (EXPENSE)
Income from equity method investee	1,007	92	2,059	608
Interest expense, net	(7,333)	(6,896)	(21,345)	(21,611)
Loss on derivatives, net	(2,208)	0	(2,208)	0
Other income (expense), net	(51)	21	(510)	8
Total other income (expense)	(8,585)	(6,783)	(22,004)	(20,995)
INCOME (LOSS) BEFORE INCOME TAXES	13,356	20,886	(1,990,335)	83,822
Income tax expense (benefit)	(339)	3,529	(79,340)	12,449
NET INCOME (LOSS)	13,695	17,357	(1,910,995)	71,373
LESS: Net income (loss) attributable to noncontrolling interest	4,548	6,810	(674,860)	29,294
NET INCOME ATTRIBUTABLE TO MAGNOLIA	9,147	10,547	(1,236,135)	42,079
LESS: Non-cash deemed dividend related to warrant exchange	0	2,763	0	2,763
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCK	$ 9,147	$ 7,784	$ (1,236,135)	$ 39,316
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in shares)	166,467	166,872	166,728	160,051
Diluted (in shares)	170,676	167,108	166,728	161,488
Class A Common Stock
OTHER INCOME (EXPENSE)
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCK	$ 9,147	$ 7,784	$ (1,236,135)	$ 39,316
NET INCOME (LOSS) PER SHARE OF CLASS A COMMON STOCK
Basic (in dollars per share)	$ 0.05	$ 0.05	$ (7.41)	$ 0.25
Diluted (in dollars per share)	$ 0.05	$ 0.05	$ (7.41)	$ 0.24
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in shares)	166,467	166,872	166,728	160,051
Diluted (in shares)	170,676	167,108	166,728	161,488
Oil revenues
REVENUES
Total revenues	$ 95,677	$ 207,840	$ 311,153	$ 584,009
Natural gas revenues
REVENUES
Total revenues	14,895	21,243	44,238	71,208
Natural gas liquids revenues
REVENUES
Total revenues	$ 10,495	$ 15,716	$ 29,880	$ 51,215