Matador Resources to acquire Paloma Permian for $1.275B
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Matador Resources Company Announces Strategic Delaware Basin Acquisitions and Successful Woodford Exploration Well Results
July 23, 2026 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- 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... More
