Matador Resources Acquires $1.1 Billion Lease Deal to Expand Delaware Basin Footprint
Matador Resources acquired a significant leasehold of approximately 5,154 net undeveloped acres in New Mexico's Delaware Basin for around $1.1 billion through the U.S. Bureau of Land Management. The acquisition adds over 141 drilling locations and enhances operational efficiency by integrating with existing infrastructure.
Tickers: $MTDR
Topics: acreage expansion infrastructure integration oil and gas shale production