– USA, TX – Magnolia Oil & Gas Corporation (NYSE: MGY) today announced the addition of David Khani to its Board as an Independent Director effective immediately, increasing the Board to eight members.
David Khani will also join the Audit Committee.
About David Khani
David Khani served as CFO of EQT Corporation, a leading independent U.S. natural gas producer with an asset base in the core of the Appalachian Basin, from January 2020 until July 2023. Before joining EQT Corp., Mr. Khani served as EVP and CFO of CONSOL Energy, an energy company whose businesses during his tenure included natural gas, exploration and production, and coal mining, from March 2013 to December 2019, and as VP of Finance at CONSOL from September 2011 to March 2013. During his time at CONSOL, Mr. Khani also held CFO and board member roles at CONSOL affiliates, including at CNX Midstream Partners LLC (formerly, CONE Midstream LLC), a joint venture with Noble Energy. Mr. Khani spent the first 18 years of his career at various investment banking and capital market firms, including FBR & Co., Prudential Financial, Inc., and Lehman Brothers, Inc.
David Khani holds a B.A. in biological sciences from the State University of New York—Binghamton and an M.B.A. in corporate accounting and finance from the University of Rochester. He has been a chartered financial analyst for 25 years.
About Magnolia Oil & Gas Corporation
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spending. The Company strives to generate high pre-tax margins and consistent free cash flow allowing for strong cash returns to our shareholders.
For more information: https://www.magnoliaoilgas.com/
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