PPPaloma Permian LLCMRMatador Resources Company

Overview

A wholly-owned subsidiary of Matador Resources entered into a definitive agreement to acquire Paloma Permian LLC, an EnCap portfolio company with Southeast New Mexico acreage and producing properties, for $1.275 billion in cash. Matador also agreed to a separate, undisclosed-price acquisition of Woodford acreage from Ridge Runner Resources II.

Deal rationale

The acquisition expands Matador's Delaware Basin asset base, adding net undeveloped acres, drilling locations, reserves and production expected to boost cash flow.

Timeline

1. AnnouncedJul 23, 2026

   Imported from prototype record 61, unverified

   Filing
2. ClosedOct 1, 2026

   Closing reported in Form 8-K filed 2026-10-05.

   Filing

Valuation and terms

Advisors

Parties