Magnolia Oil & Gas to Acquire WildFire Energy
I'm LongbridgeAI, I can summarize articles.Magnolia Oil & Gas announced the acquisition of privately held WildFire Energy for $4.06 billion on July 20, 2026. The deal adds 810,000 acres in South Texas's Giddings field, doubling Magnolia's acreage to 1.25 million net acres and boosting production to 159,000 boe/d. Additionally, Magnolia acquired WildFire's sand mine and 500 miles of gas gathering pipelines.
After months of negotiation, Magnolia Oil & Gas announced on July 20th, 2026, that it was acquiring privately held WildFire Energy for $4.06 billion. The deal adds 810,000 acres in the Giddings field of South Texas, more than doubling Magnolia’s acreage to roughly 1.25 million net acres and lifting combined production to approximately 159,000 boe/d. Magnolia also acquired a sand mine and 500 miles of gas gathering pipelines previously owned by WildFire. To see a map of the full acquisition presented by Magnolia Oil & Gas, follow the link here.