HOUSTON – Troutman Pepper Locke advised WildFire Energy, an independent energy platform company, in its definitive purchase agreement to be acquired by Magnolia Oil & Gas Corporation, a publicly traded oil and gas exploration and production company, for approximately $4.06 billion. For more information, see the press release.
With more than 1.25 million net acres and upside development opportunities across multiple benches, including the Austin Chalk, Eagle Ford, and Woodbine, this transaction creates a premier position in South Texas by combining two high-quality and complementary assets near Gulf Coast markets, which offer premium pricing for Magnolia Oil & Gas Corporation’s products.
The team that represented WildFire Energy included Kevin Peter, Jennie Simmons, Hunter Summerford, Van Jolas, Brad Weber, Christy Matelis, Jon Daly, Cody Mathis, Buddy Sanders, Eric Larson, Jeremy Petersen, Ashanty De Luna, Ed Razim, Grace Elliott, Sara Longtain, and Elizabeth Casey.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.