Politics
Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion
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Energy Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter. The Houston-based shale producer is poised to win the auction for the driller backed by private equity firms Warburg Pincus and Kayne Anderson, the people said. A deal could be announced in weeks,...
Energy
Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion
Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter.
The Houston-based shale producer is poised to win the auction for the driller backed by private equity firms Warburg Pincus and Kayne Anderson, the people said. A deal could be announced in weeks, said the people, asking not to be identified because the details aren’t public.