Kirkland & Ellis advised Magnolia Oil & Gas Corporation (NYSE: MGY) in connection with its wholly owned subsidiary’s entrance into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments. The acquisition adds approximately 48,000 net acres in Giddings (96% operated, 91% working interest), enhancing Magnolia’s already significant depth of development opportunities. Combined with a smaller acquisition that closed in July 2023, Magnolia’s position in Giddings now totals over 500,000 net acres, driving further efficiencies of scale.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.