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One-Page Deal Sheet

Magnolia Bolts-on Harvest Oil's Eagle Ford, Austin Chalk Assets for $191 Million

Magnolia Oil & Gas Harvest Oil & Gas Corp.
AnnouncedAug 21, 2018
TypeProperty
LocationEagle Ford Shale,Austin Chalk
Announced Date
August 21,2018
Effective Date
July 01,2018
Close Date
August 31,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
191




Snapshot
Asset/Basin:
{"Eagle Ford","Austin Chalk (Giddings)"}
TargetZones:
{"Eagle Ford Shale",
Net Acres
% Oil:

Net Operated Locations:

Proved Reserves

Location
Region
Gulf Coast - South Texas

Country
United States

State
Texas

County
Karnes

Play


Production & Reserves
Production

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

$/Location

Transaction Details:  Subscribe to see

Magnolia Oil & Gas has agreed to acquire substantially all of the South Texas Assets of Harvest Oil & Gas Corp. for $191 million in cash/stock (~$135 million in cash and 4.2 million newly issued shares of the Company’s Class A common stock valued at ~$56 million).

This deal was closed on September 7, 2018.

The assets are made up of property in Karnes County, TX as well as in Giddings Field (Eagle Ford and Austin Chalk potential).

The cash consideration will be funded using cash on the balance sheet and borrowings under the Company’s revolving credit facility.

Highlights: Adds approximately 15…

Gulf Coast - South Texas Deal Activity In Last 12 Months



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Price History



Date Deal Headline Price$/acre
Feb-18-2026 SM Energy Sells Eagle Ford Asset for $950 Million - -
Nov-12-2025 Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture - -
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM - -