Matador Resources (MTDR) Closes Ameredev Acquisition
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Matador Resources Company Closes Ameredev Acquisition
September 19, 2024 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC (Ameredev) from affiliates of EnCap Investments L.P. (EnCap) for cash consideration of $1.832 billion, which amount is subject to customary post-closing adjustments (the Ameredev Acquisition). The Ameredev Acquisition includes:
Approximately 33,500 contiguous net acres (82% held by production; over 99% operated) in the core of the Delaware Basin; Production that is expected to average between 25,500 and 26,500 barrels of oil and natural gas... More