Magnolia Oil & Gas Corp Announces Closing of WildFire Acquisition

What Happened

• Magnolia Oil & Gas Corp (MGY) filed an 8-K announcing that it closed the acquisition of assets from WildFire Energy I LLC. The company references a Purchase and Sale Agreement dated July 19, 2026 (buyers: Magnolia Oil & Gas Corporation and Magnolia Oil & Gas Operating LLC; seller: WildFire Energy I LLC).
• The filing discloses related financing and governance documents executed on or about September 10, 2026, including first supplemental indentures and a Registration Rights Agreement. A press release announcing the closing was issued on September 10, 2026 (Exhibit 99.1).

Key Details

• Purchase and Sale Agreement: dated July 19, 2026 (previously filed as Exhibit 2.1 on July 20, 2026).
• Financing and security documents: Indenture (Sept 26, 2024) and First Supplemental Indentures dated Sept 10, 2026 (listed as Exhibits 4.1–4.4); Registration Rights Agreement dated Sept 10, 2026 (Exhibit 4.5).
• Financial disclosures provided: audited financials of the seller for years ended Dec 31, 2025 and 2024 (Ex. 99.2), unaudited condensed statements for Q2/first half 2026 and 2025 (Ex. 99.3), and unaudited pro forma combined financial information for Magnolia (Ex. 99.4).
• Auditor consent: Grant Thornton LLP consent dated Sept 14, 2026 (Ex. 23.1). Press release and exhibits furnished with the 8-K.

Why It Matters

• The closing formally brings WildFire assets into Magnolia’s operations and is accompanied by new financing and indemnity/security documents that create direct financial obligations and affect the company’s capital structure.
• Investors can review the attached seller financials and the company’s pro forma statements (Exhibits 99.2–99.4) to evaluate how the acquisition may impact Magnolia’s revenues, assets and leverage going forward. The Registration Rights Agreement and related exhibit filings indicate equity and reporting effects tied to the transaction.