WEWildFire EnergyMOMagnolia Oil & Gas Corporation

Overview

Magnolia Oil & Gas entered into an agreement to acquire WildFire Energy for approximately $4.06 billion including debt, paid with 32.2 million Magnolia Class A shares, assumption of $600 million of notes, and cash funded by cash on hand, debt and new equity.

Deal rationale

The acquisition adds about 810,000 net acres in Giddings, creating a larger contiguous South Texas position with at least $100 million in annual synergies and immediate accretion to key per-share metrics.

Timeline

1. AnnouncedJul 20, 2026

   Imported from prototype record 16, unverified

   Filing
2. ClosedSep 10, 2026

   Closing reported in Form 8-K filed 2026-09-14.

   Filing

Valuation and terms

Advisors

Parties