23:17 - 20.07.2026

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July 20, Fineko/abc.az. Magnolia Oil & Gas is acquiring WildFire Energy for approximately $4.06 billion, including debt. The acquisition significantly strengthens the company's position in the Giddings field of South Texas, expanding its asset footprint to over 1.25 million net acres.

The transaction encompasses promising acreage across the Austin Chalk, Eagle Ford, and Woodbine formations, alongside key midstream infrastructure—including an in-basin sand mine and a gas gathering network spanning over 500 miles—which is expected to enhance operational resilience across its business.