Magnolia Oil & Gas Updates 2027 Production Guidance After Wildfire Energy Acquisition

06:37 AM EDT, 10/01/2026 (MT Newswires) -- Magnolia Oil & Gas (MGY) said Thursday it expects 2027 oil and total production to grow 4% to 5% from a pro forma Q2 base following its acquisition of WildFire Energy. The company expects Q3 production of 116,000 to 118,000 barrels of oil equivalent per day and Q4 production of 159,000 to 161,000 barrels of oil equivalent per day. Magnolia expects 2027 drilling and completion spending of $900 million to $950 million. It also expects $65 million to $75 million of one-time transaction and integration costs in Q3.