Matador Resources acquires 5,154 acres in Delaware Basin for $1.1 billion

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Go back to Matador Resources acquires 5,154 acres in Delaware Basin for $1.1 billion

Matador Resources Company Announces Successful Acquisitions in Federal Lease Sale

May 21, 2026 4:40 PM EDT

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador or the Company) announces the successful bolt-on acquisition of 5,154 net undeveloped acres in the core of the Delaware Basin as part of the Bureau of Land Management (BLM) Oil and Gas Lease Sale this week.

Joseph Wm. Foran, Matadors Founder, Chairman and CEO, commented, Matador is pleased to announce a $1.1 billion expansion of its premier Delaware Basin asset base in Southeast New Mexico through the recent BLM Lease Sale. The company acquired 5,154 net undeveloped acres, all of which are in the core-of-the-core of the Delaware... More