Magnolia Oil & Gas to Acquire WildFire Energy for $4.06B

July 20, 2026

Magnolia Oil & Gas has entered into a definitive purchase agreement to acquire WildFire Energy for approximately $4.06 billion, including WildFire’s debt. The cash-and-stock deal is designed to more than double Magnolia’s South Texas acreage in the Eagle Ford/Austin Chalk trend and deliver at least $100 million in annual synergies by 2027.

Buyers
Magnolia Oil & Gas Corporation
Targets
WildFire Energy LLC
Sellers
Warburg Pincus, Kayne Anderson, WildFire management team
Industry
Energy
Location
Texas, United States
Transaction Type
Buyout

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