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Warburg Pincus and Kayne Anderson to Sell WildFire Energy to Magnolia Oil & Gas for $4.06 Billion

MGY
  • Kayne Anderson and Warburg Pincus announced an agreement to sell WildFire Energy to Magnolia Oil & Gas Corporation for approximately $4.06 billion.
  • The transaction received unanimous approval from Magnolia's board of directors.
  • WildFire Energy was founded in 2019 through a partnership between Kayne Anderson, Warburg Pincus, and the company's management team.
  • WildFire operates as a leading privately owned oil & gas producer with assets in the Austin Chalk, Eagle Ford, & Woodbine formations in South Texas.
  • The company produces 53 Mboe/d, consisting of approximately 70% oil, across roughly 810,000 net acres.
  • Strategic growth included the 2021 acquisition of Hawkwood Energy combined with an organic growth strategy.
  • The deal is subject to customary closing conditions & regulatory approvals, with closing anticipated in late-Q3 2026.
  • Jefferies LLC & BofA Securities served as financial advisors for WildFire, while Troutman Pepper Locke acted as legal advisor.
  • Magnolia is a publicly traded company focused on the Eagle Ford Shale & Austin Chalk formations in South Texas.