Matador Resources Company Closes Paloma Acquisition and Provides Additional Integration Details
Matador Resources Company announced the closing of its previously announced acquisition of Paloma Permian LLC, an EnCap Investments portfolio company, for cash consideration of $1.255 billion subject to customary post-closing adjustments. The acquisition adds over 156 net locations normalized to two-mile laterals.
Why it matters — The closing of the Paloma acquisition expands Matador's Permian Basin footprint with more than 156 net drilling locations, adding to its inventory and potential growth.