Matador Resources to buy Paloma Permian assets for USD 1.275 billion - MTDR News | RalliesMatador Resources to buy Paloma Permian assets for USD 1.275 billion
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MTDR• Separate Woodford acreage deal
- Separate agreement to acquire mostly undeveloped Woodford acreage from Ridge Runner; combined Woodford position targeted at about 50,000 net acres.
- Transactions expected to be funded with cash on hand and borrowings under the existing reserve-based lending credit facility.
Matador to acquire Paloma Permian assets
- Matador Resources agreed to buy Paloma Permian’s Southeast New Mexico producing assets and undeveloped acreage for a cash payment of $1.28 billion.
- Deal includes 16,235 net undeveloped acres in Eddy and Lea counties, New Mexico; third-quarter output estimated at about 11,100 BOE/day, 57% oil.
- Paloma package carries $816 million PV-10 as of May 31, 2026; proved reserves of 55 million BOE; expected to close in Q4 2026.
