Mergers & Acquisitions ·
Magnolia Oil & Gas Corporation and its subsidiary, Magnolia Oil & Gas Operating LLC, are providing updated disclosures…
MGYMagnolia Oil & Gas Corp
Magnolia Oil & Gas Corporation and its subsidiary, Magnolia Oil & Gas Operating LLC, are providing updated disclosures and financial statements regarding their acquisition of 100% of the interests of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC. The acquired assets include approximately 810,000 net acres in various Texas counties, with expected production of 53 MBoe/d for the three months ended June 30, 2026. As of June 30, 2026, Magnolia reported cash and cash equivalents of approximately $295.9 million. The filing includes audited financial statements for the seller for 2024 and 2025, as well as unaudited pro forma combined financial information. Magnolia Oil & Gas is an energy company engaged in the exploration and production of oil and natural gas.