Why do you think o rings dry out?
Perhaps it depends on the o ring type, but I don't think any o rings have oils etc recommended to moisten thier insides.
Rubber doesn't like propane, nitrile and viton are the choices. I'd presume modern magazines use nitrile o rings.
Orings shouldn't absorb anything, they need to resist chemical attack stop any gas or fluid getting past them.
Very cold o rings may get damaged as they lose elasticity which I'd suggest is what the valve o rings experience.
You can fill the gaps in seated worn o rings using an oil or grease to get them to seal again, clean them or reseat them to get them to seal again but they don't dry out. If they appear that way they are ready for replacement.
The surfaces wear and don't seal properly on moving o rings like valves for example.
O rings do degrade over time, rubber is particularly vulnerable to this, but we should be using nitrile o rings yes?
Wetting the oring is a temporary fix until the wetting agent has gone, altho the lubed o ring may have seated itself better than before.
https://www.marcorubber.com/o-ring-failure.htm
https://www.engineerlive.com/content/why-do-o-rings-fail