Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion


WildFire operates more than 2,000 wells with the equivalent output of more than 50,000 net barrels of oil per day, according to its website. The company is run by a management team that previously operated WildHorse Resource Development Corp. before selling to shale-gas pioneer Chesapeake Energy Corp. in 2019 for $1.9 billion. 



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