Magnolia Oil & Gas Corporation’s $135 Million Acquisition of South Texas Assets of Harvest Oil & Gas

Vinson & Elkins advised Magnolia Oil & Gas Corporation in connection with its acquisition of substantially all of the South Texas Assets of Harvest Oil & Gas Corp. for approximately $135 million in cash, without giving effect to effective date adjustments, and 4.2 million newly issued shares of Magnolia’s Class A common stock valued at approximately $56 million as of the close of trading on August 20, 2018.

Magnolia is a publicly traded oil and gas exploration and production company with South Texas operations in the core of the Eagle Ford. The company is based in Houston.

The V&E corporate team was led by partner John Grand (Picture), senior associate Danielle Patterson and associate KJ Pedersen.

Involved fees earner: John Grand – Vinson & Elkins LLP; Kjarom Pedersen – Vinson & Elkins LLP; Danielle Mangrum Patterson – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Magnolia Oil & Gas Corp;

Author: Ambrogio Visconti