Matador Resources Company Closes Paloma Acquisition and Provides Additional Integration Details
Key Highlights
- ➤$1.255 billion Paloma acquisition (MTDR) closes, subject to customary post-closing adjustments
- ➤Paloma adds over 156 net locations across nine or more potential targeted benches
- ➤Paloma adds approximately 16,500 net primarily undeveloped acres in New Mexico
- ➤Matador (MTDR) expects up to 25 Paloma wells drilled by year-end 2027
- ➤Matador (MTDR) expects $350-400 million credit facility paydown following fourth-quarter closings
Expert Statements
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“We believe the Paloma assets hold some of the highest hydrocarbon resources per acre in the Lower 48.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“Largely attributable to Paloma’s newest wells in Eddy County, New Mexico, since June 1, 2026, production associated with the acquisition has outperformed Matador’s underwriting estimates by approximately 10%.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“With the addition of the Paloma Acquisition closed today, and the expected acreage additions from the recently announced Ridge Runner Resources II, LLC (“Ridge Runner”) acquisition (expected to close later this month), Matador will have approximately 240,000 net acres in the core of the Delaware Basin in the fourth quarter of 2026.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“We are excited about Matador’s positive outlook for the remainder of 2026 and as we look ahead to 2027.”
Joseph Wm. Foran, Founder, Chairman and CEO of Matador Resources Company
“Similar to previous successful transactions between Matador and EnCap, and its portfolio companies, we anticipate this acquisition will be integrated efficiently into Matador’s operating plans and contribute to Matador’s free cash flow generation and to its planned debt repayments.”
Matador Resources Company Closes Paloma Acquisition and Provides Additional Integration Details
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the closing of the previously announced acquisition of Paloma Permian LLC (“Paloma”), a portfolio company of EnCap Investments L.P. (“EnCap”), for cash consideration of $1.255 billion, which amount is subject to customary post-closing adjustments (the “Paloma Acquisition”). Highlights of the Paloma Acquisition include:
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