Matador Resources Company Announces Strategic Delaware Basin Acquisitions And Successful Woodford Exploration Well Results

July 23 (Reuters) - Matador Resources Co MTDR.N:

• Matador Resources Company announces strategic Delaware Basin acquisitions and successful Woodford exploration well results
• Matador Resources Co - to buy Paloma Permian in southeast New Mexico
• Matador Resources Co - Paloma acquisition valued at $1.27 billion in cash
• Matador Resources Co - Paloma acquisition includes 16,235 net acres and 11,100 boe/d Q3 estimated production
• Matador Resources Co - to buy undeveloped Woodford acreage from Ridge Runner Resources II
• Matador: Paloma and Ridge Runner deal expected to be funded via cash on hand & borrowings under Matador's existing RBL credit facility