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Competitors' reactions to Matador's Delaware Basin acquisition by end of 2024
4
Resolution / Starting Odds
Chevron acquires new assets • 33%
ExxonMobil acquires new assets • 33%
No major competitive reactions • 34%
Industry news, company announcements
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Matador Resources Announces $1.91 Billion Delaware Basin Acquisition
Jun 12, 2024, 01:43 PM
Matador Resources Company has announced a strategic acquisition in the Delaware Basin, agreeing to buy assets from Ameridev Resources for $1.91 billion. This acquisition is part of a broader trend of consolidation in the Permian Basin. The deal involves purchasing assets from a portfolio company of EnCap Investments. Matador's executive stated that the company is continuing to explore optionality and opportunities with its existing midstream assets.
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Increase in competing acquisitions • 33%
No significant changes • 34%
Reduction in investments • 33%
Positive market reaction • 33%
Negative market reaction • 33%
Neutral market reaction • 34%
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Moderate Increase • 34%
No Change or Decrease • 33%
Increase in competitive services • 33%
Partnerships or acquisitions • 33%
No significant response • 33%
Major competitors launch similar technology • 25%
Minor competitors adjust strategies • 25%
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Competitors form partnerships • 25%
Microsoft announces new virtualization features • 25%
Amazon announces new virtualization features • 25%
VMware announces new virtualization features • 25%
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Mixed reactions among competitors • 25%
ExxonMobil • 25%
Chevron • 25%
TotalEnergies • 25%
BP • 25%
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