What is the total acquisition price Magnolia Oil & Gas agreed to pay for WildFire Energy, and when is the deal expected to close?

Magnolia Oil & Gas agreed to acquire WildFire Energy for approximately $4.06 billion, inclusive of debt, and the transaction is expected to be completed by the end of the third quarter of 2026.

What are the key operational assets and resource metrics that Magnolia gains from acquiring WildFire Energy?

Through the acquisition, Magnolia gains WildFire Energy’s oil and gas assets in South Texas across the Austin Chalk, Eagle Ford, and Woodbine formations; approximately 81,000 net acres of operated land in the Giddings area—bringing Magnolia’s total net acres there to over 1.25 million; a daily production of about 53,000 barrels of oil equivalent (with roughly 70% being oil); more than 500 miles of natural gas gathering pipelines; and a frac sand mine capable of supplying about 80% of Magnolia’s annual sand requirements.

Magnolia Oil & Gas Acquires WildFire Energy for $4.06 Billion

Jul 23, 2026

Magnolia Oil & Gas agreed to acquire WildFire Energy for $4.06 billion, expanding its Texas footprint with 810,000 net acres and securing sand mining assets. The transaction is scheduled to close in Q3 2026.

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2026-06-26

Magnolia Oil & Gas Leads Bid to Acquire WildFire for Over $4 Billion

2026-07-23

Magnolia Oil & Gas Acquires WildFire Energy for $4.06 Billion

Magnolia Oil & Gas Acquires WildFire Energy for $4.06 Billion

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