Magnolia Oil & Gas Corp. on Tuesday agreed to buy nearly all of Harvest Oil & Gas Corp.’s South Texas assets in a cash-and-stock deal, a package of properties that CEO Steve Chazen called “a natural fit” for the new Eagle Ford Shale pure-play.

The transaction would add about 15 net locations to Magnolia’s core Karnes County inventory and 114,000 net acres to the Giddings field position. The Harvest properties in the first half of 2018 produced 4,800 boe/d, with 1,400 boe/d from Karnes County and 3,400 boe/d from the Giddings field.

“Harvest represented our largest nonoperated working interest owner, and the assets are a natural fit for Magnolia,” said Chazen. “We believe this accretive transaction is highly complementary to our business objectives of maximizing shareholder returns by generating steady production growth, strong pre-tax margins and significant free cash flow.”

Earlier this month Magnolia increased its 2018 production guidance on better-than-expected results from the Eagle Ford holdings in the second quarter. Chazen at that time also indicated the company was considering some bolt-ons to build the inventory.

Under terms of the Eagle Ford agreement, Harvest would receive $135 million in cash and 4.2 million shares of Magnolia stock, which was worth about $56 million based on the closing price on Monday.

In the first half of 2018, the Harvest assets generated about $25 million in revenue, less direct operating expenses, with $13 million in capital expenditures.

Harvest works across the U.S. onshore, with properties in the Barnett Shale, the Permian, San Juan and Appalachian basins, Michigan, the Midcontinent and the Monroe field in northern Louisiana.