Magnolia Oil & Gas (MGY) said late Monday it has started an underwritten public offering of $1 billion of its Class A shares.
Underwriters will have a 30-day option to buy up to an additional $150 million of its shares, the company said.
Magnolia said it plans to use the net proceeds to help fund its acquisition of WildFire Intermediate Holdings.
Shares were down over 5% in after-hours trading.
(Updates to add Shell statement)Shell (SHEL.L, SHELL.AS) launched the tender process for a drilling services contract linked to the Dragon offshore gas project in eastern Venezuela, Reuters reported Tuesday, citing two people familiar with the process.The energy giant is expected to award the contract by the end of September 2026, with the drilling of four wells targeted to begin in the second quarter of 2027, according to the report.The contract is reportedly subject to a positive final investment decision for the project.In an emailed statement to, Shell said it continues to develop the Dragon project "in full compliance with applicable laws, regulations and sanctions."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
(Updates to include Aramco's statement)The owner and developer of the Aramco Stadium, which is operated by state oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, under a 25-year concession, is looking to bring private investors into the project, Reuters reported July 16, citing three unnamed sources.Public Investment Fund-backed Roshn Group tapped JPMorgan to oversee the equity fundraising and potentially sign a lease and leaseback transaction for the planned stadium in Al Khobar, Saudi Arabia.The development, which is expected to be the venue for the 2034 FIFA World Cup, is scheduled to host its first game in January 2027, after completion by the end of 2026.Saudi Aramco declined to comment on the matter when reached by, while JPMorgan did not immediately respond.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The owner and developer of the Aramco Stadium, which is operated by state oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, under a 25-year concession, is looking to bring private investors into the project, Reuters reported July 16, citing three unnamed sources.Public Investment Fund-backed Roshn Group tapped JPMorgan to oversee the equity fundraising and potentially sign a lease and leaseback transaction for the planned stadium in Al Khobar, Saudi Arabia.The development, which is expected to be the venue for the 2034 FIFA World Cup, is scheduled to host its first game in January 2027, after completion by the end of 2026.Saudi Aramco and JPMorgan did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)