Mergers & Acquisitions ·
On July 22, 2026, Magnolia Oil & Gas subsidiaries announced a proposed private offering of $500 million in senior…
MGYMagnolia Oil & Gas Corp
On July 22, 2026, Magnolia Oil & Gas subsidiaries announced a proposed private offering of $500 million in senior unsecured notes due 2034. These funds, combined with a public equity offering of 46,315,790 shares at $23.75 per share (plus an additional 6,947,368 shares via underwriter option exercise), revolving credit borrowings, and cash on hand, will fund the acquisition of 100% of WildFire Intermediate Holdings, LLC. The equity offering is expected to close on July 22, 2026. Magnolia is an oil and gas exploration and production company operating primarily in the Eagle Ford Shale and Austin Chalk formations of South Texas.