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Matador's share price increases by 10% post-acquisition by Q3 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data, financial news outlets
Story
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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