Matador Resources Company completed the previously announced acquisition of all membership interests in Paloma Permian LLC for approximately $1.255 billion in cash, subject to customary post-closing adjustments. The transaction adds over 156 net locations and approximately 16,500 net primarily undeveloped acres in Eddy and Lea Counties, New Mexico, the majority of which is held by production. Matador expects to commence drilling operations on up to 25 wells associated with the Paloma acreage by year-end 2027. The company also plans to pay down its reserves-based lending credit facility by approximately $350-400 million in the fourth quarter. Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources.
