Press Release

Kirkland Advises Magnolia Oil & Gas on Bolt-On Asset Acquisition in Giddings

Kirkland & Ellis advised Magnolia Oil & Gas Corporation (NYSE: MGY) in connection with its wholly owned subsidiary’s entrance 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 acquisition adds approximately 48,000 net acres in Giddings (96% operated, 91% working interest), enhancing Magnolia’s already significant depth of development opportunities. Combined with a smaller acquisition that closed in July 2023, Magnolia’s position in Giddings now totals over 500,000 net acres, driving further efficiencies of scale.


Read Magnolia’s press release


The Kirkland team was led by real asset M&A partners Chris Heasley, Anthony Speier and Danny Nappier and tax partners Mark Dundon and Ryan Phelps; with corporate associates Skyler Sikes, Mitch Holliman and Sarah Elizabeth Mason; environmental transactions partner Jonathan Kidwell and associate Courtney Tibbetts; and labor and employment partner Christie Alcala and associate Alexis Grinstead.