Matador Resources to Acquire Paloma Permian for $1.275 Billion

Matador Resources (MTDR) has agreed to acquire Paloma Permian, a portfolio company of EnCap Investments, in a $1.275 billion cash deal. The acquisition adds 16,235 net undeveloped acres and estimated third-quarter production of 11.1K boe/day.

By Carl Surran, SA News Editor · Seeking Alpha ·

Matador Resources to Acquire Paloma Permian for $1.275 Billion

Tickers: $MTDR

Topics: acquisitions oil and gas Permian Basin

Read the full article at Seeking Alpha

More World news