Magnolia Oil & Gas Corporation to Acquire 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 V&E corporate team was led by partner John Grand, senior associate Danielle Patterson and associate KJ Pedersen.
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