Mergers & Acquisitions ·
On July 22, 2026, Matador Resources entered into two definitive agreements to acquire oil and gas assets in the…
MTDRMatador Resources Co
On July 22, 2026, Matador Resources entered into two definitive agreements to acquire oil and gas assets in the Delaware Basin. The company will acquire Paloma Permian LLC for $1.275 billion in cash, adding 16,235 net undeveloped acres in New Mexico and estimated Q3 2026 production of 10,600 to 11,600 BOE per day. Additionally, Matador agreed to acquire undeveloped acreage from Ridge Runner Resources II, LLC, bringing its total Woodford formation position to approximately 50,000 net acres. Both transactions are expected to close in early Q4 2026 with an effective date of June 1, 2026. The company also reported successful test results from its Rae's Creek exploratory well, which recorded initial production exceeding 2,200 BOE per day. Matador is an independent energy company focused on the exploration, development, and production of oil and natural gas resources in the United States.