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.