Magnolia provides updated WildFire acquisition details: 810K net acres, 53 MBoe/d production

Magnolia Oil & Gas Corp

Acquiring 100% of WildFire Intermediate Holdings; assets cover ~810,000 net acres in East Texas.
Seller's Q2 2026 production expected ~53 MBoe/d (70% oil); Magnolia's Q2 production ~106 MBoe/d (40% oil).
Seller's proved developed reserves: 100.3 MMBbls oil, 139.8 MMBoe total; total proved: 196.5 MMBbls oil, 271.2 MMBoe.
Magnolia had $295.9M cash and no borrowings under RBL as of June 30, 2026.
Preliminary Q2 2026 capex: Magnolia $125M, Seller $110-120M.

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