Magnolia Oil & Gas Corporation completed the acquisition of certain oil and gas producing properties including leasehold and mineral interests in Giddings.
Magnolia Oil & Gas Corporation (NYSE:MGY) completed the acquisition of certain oil and gas producing properties including leasehold and mineral interests in Giddings in November 2023. The consideration was approximately $264.1 million, subject to customary purchase price adjustments, and an additional contingent cash consideration of up to $40.0 million through January 2026 based on future commodity prices.