Houston, 77046, TX,
United States
Magnolia Oil & Gas Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Magnolia Oil & Gas and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 200 Magnolia Oil & Gas employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Magnolia Oil & Gas has purchased the following applications: IFS Land (formerly P2 Land) for Oil Gas and Chemicals ERP in 2023, Amazon EC2 for Application Hosting and Computing Services in 2018 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Magnolia Oil & Gas is running and its propensity to invest more and deepen its relationship with IFS , Amazon Web Services (AWS) , Cloudflare or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Magnolia Oil & Gas revenues, which have grown to $1.25 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Magnolia Oil & Gas intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| IFS | Legacy | IFS Land (formerly P2 Land) | Oil Gas and Chemicals ERP | ERP Services and Operations | n/a | 2023 | 2016 |
In 2023, Magnolia Oil & Gas implemented IFS Land (formerly P2 Land) as its core Oil Gas and Chemicals ERP solution for Land Administration and Lease Records management. The deployment focused on formalizing lease and land contract setup, and establishing a single system of record for leases, rights of way, unit designations, tracting, and ownership tracking to support operational land workflows across the Houston operating office.
IFS Land was configured to manage core Land Administration capabilities including lease and agreement setup, amendment and release processing, first production tract outs, and ongoing maintenance tied to monthly Pay, Obligation, and Expiration calendars. Configuration centered on provisions management for minimum royalty, options to extend, delay rentals, water use, shut-in, and surface damage payments, plus creation and maintenance of BA owner records, chaining title workflows to identify original leases, and report generation for ownership, acreage, provisions, and cross-referenced wells.
Operational workflows explicitly integrated IFS Land with internal disciplines, users liaise regularly with GIS, Accounting, Land, and IT groups to resolve data discrepancies and maintain digital files. The implementation supports daily coordination with division order analysts and owner relations functions, routing owner inquiries and correspondence that originate from lease records, and the system is used alongside the companys electronic file stores to document title research and amendments.
Governance and process changes centered on role-based data entry and quality controls, with Senior Lease Records Analysts accountable for agreement setup, monthly calendar maintenance, and reconciliation of title and payments. Workflows formalized responsibilities for converting incoming title into system records, handling amendments and ratifications, and generating standardized land reports, while maintaining competency expectations for accurate data entry and digital records management in IFS Land.
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Amazon Web Services (AWS) | Legacy | Amazon EC2 | Application Hosting and Computing Services | IaaS | n/a | 2018 | 2018 |
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Content Delivery Network | IaaS |
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2018 | 2018 |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2021 | 2021 |
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