Matador Resources Subsidiary Agrees To Acquire Paloma Permian For Cash Payment Of $1.275B

Matador Resources Company (NYSE: MTDR ) ("Matador" or the "Company") announced today two of its catalysts for this year. First, a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire Paloma Permian LLC ("Paloma"), a portfolio company of EnCap Investments L.P. ("EnCap"), including certain proved undeveloped acreage and oil and natural gas producing properties located in Southeast New Mexico (the "Paloma Acquisition"). Subject to customary closing adjustments, the consideration for the Paloma Acquisition will consist of a cash payment of $1.275 billion. The Paloma Acquisition includes 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico and third quarter estimated production of approximately 11,100 barrels of oil equivalent ("BOE") per day (57% oil). The Paloma Acquisition is expected to close in the fourth quarter of 2026. Secondly, Matador...