  In this paper, we investigate the Penrose process in the purlieus of the
axially symmetric magnetized Reissner-Nordstr\"{o}m black hole for both neutral
and charged particles. We start with the study of the geometry of the black
hole and find the regions where the $g_{tt}$ component of the metric tensor is
positive (i.e., $g_{tt}>0$). It is interestingly found that the condition
$g_{tt}>0$ is fulfilled not only close to the event horizon known as the
ergosphere but also far away from the event horizon in the silhouette of
potential wells. We also show that as the dimensionless magnetic field $B$
increases the silhouette of potential wells for which $g_{tt}>0$ grows
correspondingly and eventually merges with the ergoregion when $B\gtrsim 1.6$.
Finally, we investigate the efficiency of the Penrose process for the axially
symmetric magnetized black hole case and bring out the effect of the magnetic
field on it. Further, we also compare our results with the one for Kerr black
hole. We show that when the charge $Q$ of the black hole is kept constant, the
efficiency of the energy extraction process for the case of {a neutral particle
(i.e., $q/m=0$) first increases and then begins to decrease with rise in the
value of $B$ field, in contrast to Kerr black hole where it always increases as
the rotation parameter grows. However, for the case of a charged particle
(i.e., $q\neq 0$) the efficiency always increases with the rise in the $B$
field and can go over $100\%$, when both $B$ and $q/m$ are large enough (say
$B\approx1$ and $q/m>2.2$)}. It is worth noting that the existence of regions
away from the horizon where $g_{tt}>0$ also favors the energy-extraction
process away from the effect of the black hole. However, the energy extraction
from these regions is pure consequence of the magnetic field.
