Magnolia Oil & Gas Buys WildFire Energy for $4.06 Billion
Magnolia Oil & Gas agreed to buy WildFire Energy for $4.06 billion, including assumed debt, in a transaction to expand its South Texas footprint.
The acquisition adds roughly 53,000 barrels of oil equivalent per day, about 70% crude, across 810,000 net acres in the Austin Chalk, Eagle Ford and Woodbine formations. The deal is expected to close in late Q3 2026 pending regulatory approval.
From the sources (7 posts)
@businessMagnolia Oil & Gas agreed to acquire WildFire Energy for about $4.1 billion including debt, expanding its presence in the Eagle Ford Shale basin of south Texas
@staunovoMagnolia Oil & Gas to buy WildFire Energy in $4.06 billion deal #oott
@worldoilBREAKING -- Magnolia Oil & Gas will acquire WildFire Energy for $4.06 billion, adding 810,000 net acres and 53,000 boed while creating a dominant Eagle Ford/Austin Chalk position in South Texas. #OilAndGas #EagleFord
@reuterscommodsMagnolia Oil & Gas to buy WildFire Energy in $4.06 billion deal
@wallstengineMagnolia Oil & Gas $MGY to acquire WildFire Energy for $4.06 billion, expanding its South Texas footprint WildFire produces about 53,000 barrels of oil equivalent per day, roughly 70% oil, across 810,000 net acres in the Austin Chalk, Eagl
@proactive_xMagnolia Oil & Gas to acquire WildFire Energy for $4B
@law360Houston-based Magnolia Oil & Gas Corp. has agreed to acquire WildFire Energy for approximately $4.06 billion, including debt, in a deal steered by Kirkland & Ellis LLP and Troutman Pepper Locke LLP, respectively.