Matador Resources closes $1.26 billion Paloma Permian acquisition
MTDR•Matador Resources closed its acquisition of Paloma Permian for $1.255 billion in cash, subject to customary post-closing adjustments.
1. Acquisition details
The deal adds about 16,500 net acres in Eddy and Lea counties, New Mexico, largely held by production, and more than 156 net drilling locations normalized to two-mile laterals. Matador said production from the acquired wells has run about 10% above underwriting estimates since June 1, 2026, and it expects to reduce its reserves-based lending credit facility by about $350 million to $400 million following fourth-quarter closings.
