Magnolia announces an agreement to acquire much of the South Texan assets of Harvest O&G for ab. USD 135 MM cash + 4.2 MM newly-issued shares (USD 56 MM). The deal is expected to close 31 Aug â18 and be retro-effective 1 Jul â18. Involved are Karnes County assets + the Giddings field, total 4,800 boe/d. www.magnoliaoilgas.com.
Newly-formed player Magnolia Oil & Gas Corporation has acquired multiple assets from Harvest Oil & Gas in an almost US$200 MM. deal.