Magnolia Oil & Gas Corporation completed its acquisition of WildFire Energy I LLC on September 10, 2026. The total consideration was approximately $4.1 billion, comprising $2.57 billion in cash (subject to adjustments), the issuance of 32,203,000 shares of Class A common stock, and the assumption of WildFire's $600 million aggregate principal amount of 7.500% Senior Notes due 2029. Magnolia shareholders will own approximately 88% of the combined entity, with WildFire owners retaining roughly 12%. The transaction includes a registration rights agreement for the equity consideration and a 30-day lock-up period for the seller. Magnolia Oil & Gas Corporation is an independent oil and gas exploration and production company operating primarily in South Texas.
