{"id":781862,"date":"2023-09-05T16:16:53","date_gmt":"2023-09-05T20:16:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/"},"modified":"2023-09-05T16:16:53","modified_gmt":"2023-09-05T20:16:53","slug":"magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/","title":{"rendered":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMagnolia Oil &amp; Gas Corporation (NYSE: MGY) (\u201cMagnolia\u201d or \u201cthe Company\u201d) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments. The cash outlay at closing is estimated to be approximately $260 million, adjusted for the free cash flow generated by the assets between the effective date of July 1, 2023, and the anticipated closing date in the fourth quarter of 2023. The consideration will be funded with cash on hand, which was $677 million as of June 30, 2023. The seller may also receive up to a maximum of $40 million in additional contingent cash consideration through December 2025 based on future commodity prices.<\/p>\n<p><b>Transaction Highlights:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Enhances Giddings Asset Quality and Scale <\/b>\u2013 Acquisition adds approximately 48,000 net acres in Giddings (96% operated, 91% working interest), enhancing Magnolia\u2019s already significant depth of development opportunities. Combined with a smaller acquisition that closed in July 2023, Magnolia\u2019s position in Giddings now totals over 500,000 net acres, driving further efficiencies of scale.\n<\/li>\n<li><b>High-Margin Production<\/b> \u2013 Magnolia expects production of approximately 5,000 Boe\/d (greater than 70% oil) at closing. Similar to the Company\u2019s current Giddings position, the acquired assets provide high cash operating margins through access to premium Gulf Coast pricing and low per-unit operating costs.\n<\/li>\n<li><b>Immediately Accretive to Key Financial Metrics<\/b> \u2013 Magnolia expects immediate accretion to key per share financial metrics including cash flow, free cash flow and earnings, in addition to enhancing corporate margins and reinvestment rates. The acquired assets are attractively valued at 2.9x estimated 2024 EBITDA and are expected to generate a free cash flow yield of more than 20% during 2024 at current strip prices.\n<\/li>\n<li><b>Supplements Existing High-Return Inventory<\/b> \u2013 Attractive development locations in both the Eagle Ford and Austin Chalk formations are expected to be seamlessly folded into Magnolia\u2019s ongoing Giddings development program beginning in 2024, allowing the asset to sustain its high margin production and free cash flow generation.\n<\/li>\n<li><b>Attractive Use of Cash with Best-in-Class Balance Sheet<\/b> \u2013 Expected cash outlay at closing of approximately $260 million to be funded with abundant cash on hand driving superior financial returns. This demonstrates Magnolia\u2019s ability to utilize its strong balance sheet and prudently allocate surplus capital to improve the overall business and enhance per share value.\n<\/li>\n<\/ul>\n<p>\nMagnolia President and CEO Chris Stavros stated, \u201cWe continue to leverage our accumulated knowledge and advanced understanding of Giddings by adding bolt-on oil and gas properties to expand our portfolio of high-quality opportunities and improve the overall business. Today\u2019s transaction is a natural strategic fit for Magnolia and meets both the financial and operational characteristics we look for in a bolt-on acquisition that can be easily integrated into our Giddings development program. Magnolia\u2019s acreage in Giddings now totals more than half a million net acres, with a development area of more than 150,000 net acres. Our business model is reinforced by capital discipline and provides for significant free cash flow generation through the cycle. This acquisition allows us to opportunistically deploy some of our additional cash into assets that generate high financial returns, increase our dividend per share payout capacity, and enhance value for our shareholders.\u201d<\/p>\n<p class=\"bwalignc\"><b>About Magnolia Oil &amp; Gas<\/b><\/p>\n<p>\nMagnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spending. The Company strives to generate high pre-tax margins, and consistent free cash flow allowing for strong cash returns to our shareholders. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.magnoliaoilgas.com&amp;esheet=53549238&amp;newsitemid=20230905134306&amp;lan=en-US&amp;anchor=www.magnoliaoilgas.com&amp;index=1&amp;md5=3ffdad25066726896663cb26da890de5\">www.magnoliaoilgas.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230905134306\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230905134306\/en\/<\/a><\/span><\/p>\n<p><b>Investors<br \/>\n<\/b><br \/>Jim Johnson<br \/>\n<br \/>713-842-9033<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jjohnson@mgyoil.com\">jjohnson@mgyoil.com<\/a><\/p>\n<p>\nTom Fitter<br \/>\n<br \/>713-331-4802<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:tfitter@mgyoil.com\">tfitter@mgyoil.com<\/a><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Art Pike<br \/>\n<br \/>713-842-9057<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:apike@mgyoil.com\">apike@mgyoil.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Professional Services Oil\/Gas Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230905134306\/en\/707408\/3\/Magnolia_Oil_%26_Gas_PRINT.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings HOUSTON&#8211;(BUSINESS WIRE)&#8211; Magnolia Oil &amp; Gas Corporation (NYSE: MGY) (\u201cMagnolia\u201d or \u201cthe Company\u201d) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments. The cash outlay at closing is estimated to be approximately $260 million, adjusted for the free cash flow generated by the assets between the effective date of July 1, 2023, and the anticipated closing date in the fourth quarter of 2023. The consideration will be funded with cash on hand, which was $677 million as of June 30, 2023. The seller &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-781862","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings HOUSTON&#8211;(BUSINESS WIRE)&#8211; Magnolia Oil &amp; Gas Corporation (NYSE: MGY) (\u201cMagnolia\u201d or \u201cthe Company\u201d) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments. The cash outlay at closing is estimated to be approximately $260 million, adjusted for the free cash flow generated by the assets between the effective date of July 1, 2023, and the anticipated closing date in the fourth quarter of 2023. The consideration will be funded with cash on hand, which was $677 million as of June 30, 2023. The seller &hellip; Continue reading &quot;Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T20:16:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings\",\"datePublished\":\"2023-09-05T20:16:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/\"},\"wordCount\":684,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/\",\"name\":\"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2023-09-05T20:16:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/","og_locale":"en_US","og_type":"article","og_title":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings - Market Newsdesk","og_description":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings HOUSTON&#8211;(BUSINESS WIRE)&#8211; Magnolia Oil &amp; Gas Corporation (NYSE: MGY) (\u201cMagnolia\u201d or \u201cthe Company\u201d) announced today that the Company has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments. The cash outlay at closing is estimated to be approximately $260 million, adjusted for the free cash flow generated by the assets between the effective date of July 1, 2023, and the anticipated closing date in the fourth quarter of 2023. The consideration will be funded with cash on hand, which was $677 million as of June 30, 2023. The seller &hellip; Continue reading \"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-05T20:16:53+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings","datePublished":"2023-09-05T20:16:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/"},"wordCount":684,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/","name":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2023-09-05T20:16:53+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230905134306r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magnolia-oil-gas-announces-bolt-on-asset-acquisition-in-giddings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Magnolia Oil &amp; Gas Announces Bolt-On Asset Acquisition in Giddings"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/781862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=781862"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/781862\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=781862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=781862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=781862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}