WildFire Energy Acquisition, Valuation, Funding & Investors

WildFire Energy was acquired by Magnolia Oil & Gas for $4.1B in July 2026.

WildFire Energy acquisition price

$4.1B

Acquired by Magnolia Oil & Gas · Jul 2026

Cumulative funding WildFire Energy raised

$1B

across 1 funding round

Key investors in WildFire Energy

  • Warburg Pincus
  • Kayne Anderson Capital Advisors

WildFire Energy Overview

About WildFire Energy

WildFire Energy is a Dallas-headquartered independent exploration and production company targeting oil and natural gas in the Permian Basin of West Texas. It acquires and develops assets in the Southern Delaware Basin, operating over 200 wells with net production exceeding 10,000 barrels of oil equivalent per day. The company employs horizontal drilling and multi-stage fracturing to exploit Wolfcamp and Bone Spring formations, partnering with major operators for midstream access.


Founded

2019

HQ

United StatesHouston, TX

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$4.1B (acquired Jul 2026)

Sectors

WildFire Energy Acquisition

WildFire Energy was acquired by Magnolia Oil & Gas for $4.1B on 20 July 2026.

Before the acquisition WildFire Energy had raised $1B across 1 funding round.

Magnolia Oil & Gas announced on July 20, 2026 that it entered into a definitive agreement to acquire WildFire Energy for approximately USD 4.06 billion, inclusive of WildFire’s debt and subject to customary purchase price adjustments. The consideration includes 32.2 million shares of Magnolia’s Class A common stock, assumption of WildFire’s USD 600 million of outstanding notes due in 2029, and funding of the remaining amount through a balanced mix of cash on hand, debt, and new common equity. The transaction was unanimously approved by Magnolia’s board and is expected to close in late Q3 2026. The deal is intended to expand Magnolia’s position in the Giddings field in South Texas and add high-margin, low-decline assets. Magnolia said the acquired assets contribute approximately 53,000 Boe/d of production with about 70% oil weighting and a 29% base oil decline rate. Magnolia also highlighted expected annual synergies and cost savings of more than USD 100 million, with an estimated net present value of synergies of about USD 700 million. Magnolia’s presentation values the combined company at enterprise value of USD 9.11 billion, with Magnolia contributing USD 5.05 billion and WildFire USD 4.06 billion. The presentation also states the transaction adds about 37 MBOPD of oil production, lifts oil mix to roughly 50%, and is projected to support more than USD 4.5 billion of cumulative free cash flow through 2030. Magnolia reported second-quarter 2026 production of 106,100 Boe/d and raised its standalone 2026 production growth forecast to 6% from 5% around the announcement.

WildFire Energy acquisition details
AcquirerDateTypePrice
20 Jul 2026Strategic M&A$4.1B

WildFire Energy Funding History

WildFire Energy has raised a total of $1B across 1 funding round.

WildFire Energy funding rounds

WildFire Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2019Undisclosed stageKayne Anderson Capital Advisors (lead); Warburg Pincus (lead)$1BWildFire Energy I LLC is an independent energy platform company focused on acquiring and producing oil and gas assets in onshore US basins, particularly the East Texas Eagle Ford region. Founded in 2019 and led by CEO Anthony Bahr, President/COO Steve Habachy, and CFO Drew Cozby, the company was established with funding from Warburg Pincus, Kayne Anderson Capital Advisors, and management. In July 2019, it completed a buyout funding round raising USD 1 billion from these investors. The company operates over 2,000 gross wells on consolidated net acreage exceeding 850,000 acres across multiple Texas counties, with additional prospective acreage in formations like Austin Chalk. Post-2019 activities include acquisitions such as 237,000 net acres from Apache Corporation in 2024, boosting net daily production to over 50,000 Boe (85% liquids). WildFire generates revenue from selling oil, natural gas, and NGLs to utilities and refineries via direct sales and contracts, optimizing reserves with modern technologies.

Who has invested in WildFire Energy?

2 investors have backed WildFire Energy across its funding rounds, including Warburg Pincus and Kayne Anderson Capital Advisors.

Lead investors include Kayne Anderson Capital Advisors and Warburg Pincus.


WildFire Energy Investors

Investors in WildFire Energy by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by WildFire Energy

WildFire Energy has acquired 2 companies to date.

Last acquisition by WildFire Energy was on January 18th 2023. WildFire Energy acquired Chesapeake Energy-Eagle Ford asset for $1.4B.


Latest Acquisitions by WildFire Energy

Chesapeake Energy-Eagle Ford asset
Hawkwood Energy
Description
Chesapeake Energy-Eagle Ford asset is an oil and natural gas production operation within the Eagle Ford Shale formation in South Texas. Spanning 400 miles long and 50 miles wide with depths from 4,000 to 14,000 feet, the brittle carbonate-rich rock enables hydraulic fracturing for hydrocarbons. Chesapeake Energy developed leases covering thousands of acres in Dimmit, La Salle, and McMullen counties.
Hawkwood Energy is a Denver-headquartered independent exploration and production company concentrating on oil and natural gas assets in East Texas' Eagle Ford Shale. The firm holds over 170,000 net acres of contiguous acreage and operates more than 300 wells producing around 13,000 net barrels of oil daily. Hawkwood entered the region in 2014 following its 2012 founding with backing from Warburg Pincus and Ontario Teachers' Pension Plan, completing over 20 acquisitions.
HQ CountryUnited StatesUnited States
HQ City
Boise, ID
Denver, CO
Deal Date18 Jan 20238 Jul 2021
Valuation$1.4B$650M
EV/Revenue
EV/EBITDA

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WildFire Energy Competitors

WildFire Energy competitors include listed companies like Modec, COOEC, SunocoCorp and Helmerich & Payne, and private ones like TANAP and Transportadora Associada de Gás.

Public and private companies comparable to WildFire Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ModecJapanJapanPublicly listed$4.6B$477M$4B0.5x
COOECChinaChinaPublicly listed$4.1B$600M$4B0.4x
TANAPTurkeyAnkaraPrivate--$4B-
SunocoCorpUnited StatesUnited StatesPublicly listed$25B$1.8B$4.1B0.6x
Helmerich & PayneUnited StatesUnited StatesPublicly listed$3.7B$624M$4.1B1.5x
Transportadora Associada de GásBrazilRio de JaneiroPrivate--$4.2B-

WildFire Energy Public Comps

WildFire Energy is no longer listed, but its public comps include Modec, COOEC, SunocoCorp, Helmerich & Payne, Gibson Energy, NMDC Energy, New Hope Corp, Rubis, Thaioil and Kinetik Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Modec$4.6B$477M0.5x0.5x5.1x4.6x
COOEC$4.1B$600M0.4x0.4x2.8x3.0x
SunocoCorp$25B$1.8B1.0x0.6x13.2x7.3x
Helmerich & Payne$3.7B$624M1.6x1.5x9.4x6.6x
Gibson Energy$7.7B$406M0.8x0.7x15.0x13.4x
NMDC Energy$5.1B$585M0.6x-5.5x-
New Hope Corp$1.2B$363M2.9x2.8x9.9x9.2x
Rubis$7.5B$831M0.9x0.8x7.8x7.2x

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Common questions about WildFire Energy

When was WildFire Energy founded?WildFire Energy was founded in 2019.
Where is WildFire Energy headquartered?WildFire Energy is headquartered in Houston, TX, United States.
Is WildFire Energy publicly listed?No, WildFire Energy was acquired by Magnolia Oil & Gas in July 2026.
Who acquired WildFire Energy?WildFire Energy was acquired by Magnolia Oil & Gas in July 2026.
How much was WildFire Energy acquired for?WildFire Energy was acquired for $4.1B in July 2026.
How much funding has WildFire Energy raised?WildFire Energy has raised $1B across 1 funding round.
What was WildFire Energy's last funding round?WildFire Energy's last funding round was a $1B undisclosed-stage round in July 2019, led by Kayne Anderson Capital Advisors and Warburg Pincus.
Who are WildFire Energy's investors?WildFire Energy's investors include Kayne Anderson Capital Advisors and Warburg Pincus.
Which companies are comparable to WildFire Energy?Companies comparable to WildFire Energy include Modec, COOEC, TANAP, SunocoCorp, Helmerich & Payne and Transportadora Associada de Gás.
How many companies has WildFire Energy acquired?WildFire Energy has acquired 2 companies, including Chesapeake Energy-Eagle Ford asset and Hawkwood Energy.
What was the largest acquisition by WildFire Energy?The $1.4B acquisition of Chesapeake Energy-Eagle Ford asset in January 2023 is the largest acquisition WildFire Energy has made to date.

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