
Magnolia Oil & Gas announces bolt-on asset acquisition in Giddings
Oil and Gas 360 HOUSTON–(BUSINESS WIRE)-September 05, 2023– Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or “the Company”) announced today that the Company has entered 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 cash outlay at closing is estimated to