WildFire Energy acquired by Magnolia Oil & Gas Corporation

On 20 July 2026, Magnolia Oil & Gas (NYSE: MGY) entered into a definitive agreement to acquire WildFire Energy, expanding its contiguous South Texas footprint to more than 1.25 million net acres. The transaction marks the full exit of private equity sponsors Warburg Pincus and Kayne Anderson, concluding an investment cycle that began in 2019 and included the integrations of Hawkwood Energy, MD America Energy, and legacy assets from Chesapeake and Apache. Strategically, the transaction adds a high-margin, low-decline asset base with a significant liquids weighting, targeting over $100 million in annual operational synergies and cost efficiencies. The combination increases Magnolia’s standalone 2026 production growth guidance from 5% to 6% while supporting an immediate 9% increase in its quarterly dividend. WildFire Energy was advised by Jefferies LLC and BofA Securities as financial advisers, with Troutman Pepper Locke acting as legal counsel. The transaction has been unanimously approved by Magnolia’s Board of Directors and is slated to close in late Q3 2026, subject to customary closing conditions and regulatory approvals.