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Independent oil and natural gas exploration and production company
magnoliaoilgas.comLast updated
In short: Magnolia completed the $4.06 billion WildFire acquisition, sold non-core assets for $47.5 million, and cut net debt below 1.0x leverage.
The company completed its WildFire Energy acquisition, sold non-core assets for $47.5 million, and reduced net debt to approximately $1.9 billion. Q4 production guidance is set at 159–161 Mboe/d.
The company finalized the deal on September 10, 2026. Operations concentrate in South Texas Eagle Ford and Austin Chalk formations to generate shareholder value.
The deal expands Magnolia's Eagle Ford position, boosts oil production to nearly 80 MBOPD, and increases dividends by 9%.
Net income reached $101 million while acquiring ~6,200 net acres. Production grew 6% year-over-year to 102.6 Mboe/d.
Houston-based Magnolia Oil & Gas Corp. said Monday it has agreed to acquire WildFire Energy for approximately $4.06 billion, including debt, in a deal steered...
Magnolia Oil & Gas Corporation is an oil and gas exploration and production company with operations primarily in South Texas in the core of the...
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