MGY Bolt-On Acquisitions in Karnes and Giddings
Sector: Oil and Gas • Location: Texas, United States
Source: TradingView
Magnolia Oil & Gas Corporation made a series of bolt-on acquisitions in the Karnes area and Giddings, spending approximately $155 million in cash to add about 6,200 net acres and roughly 500 boe/d of low-decline production, about 45% oil. The Karnes purchase created a largely contiguous 10,000-gross-acre block adding multiple years of drilling inventory, while the Giddings deals increased working
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Magnolia Oil & Gas Corporation made a series of bolt-on acquisitions in the Karnes area and Giddings, spending approximately $155 million in cash to add about 6,200 net acres and roughly 500 boe/d of low-decline production, about 45% oil. The Karnes purchase created a largely contiguous 10,000-gross-acre block adding multiple years of drilling inventory, while the Giddings deals increased working and royalty interests around existing operations. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |