Matador Resources Acquires Paloma Permian for $1.275B in Cash
Deal expands Matador’s footprint by 16,235 net acres in New Mexico and boosts Q3 output by 11.1K boe/day. Matador Resources (MTDR) will purchase Paloma Permian, a portfolio company of EnCap Investments, for $1.275 billion in cash. The acquisition adds 16,235 net undevelope