India, July 23 -- Matador Resources Company (MTDR), an energy company, said on Thursday that a wholly-owned subsidiary of MTDR has inked a deal to acquire Paloma Permian LLC, a portfolio company of EnCap Investments L.P., for $1.275 billion in cash.
The acquisition includes 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico and third-quarter estimated production of around 11,100 barrels of oil equivalent per day. The transaction is expected to close in the fourth quarter of 2026.
In addition, Matador has decided to buy primarily undeveloped acreage in West Texas and Southeast New Mexico from Ridge Runner Resources II, LLC, another portfolio company of EnCap.
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