Matador Resources closes USD 1.26 billion Paloma Permian acquisition

Bitget2026/10/01 20:17

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Matador closed its acquisition of Paloma Permian for cash consideration of $1.255 billion, subject to customary post-closing adjustments.
Deal adds about 16,500 net mostly undeveloped acres in Eddy and Lea counties, New Mexico, largely held by production.
Matador estimates more than 156 net drilling locations, normalized to two-mile laterals, across multiple benches; 59 drilling permits transfer with the acreage.
Production tied to the acquired wells has run about 10% above underwriting estimates since June 1, 2026.
Matador expects to reduce its reserves-based lending credit facility led by PNC Bank by about $350-400 million following fourth-quarter closings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Resources Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202610011615BIZWIRE_USPR_____20261001_BW380429) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Matador Resources closes USD 1.26 billion Paloma Permian acquisition

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