Matador Resources Company closes strategic acquisition of Ameredev II Parent, LLC to strengthen position in the Delaware Basin

Sep 19, 2024•11 months ago

Acquiring Company

Matador Resources Company

Acquired Company

Ameredev II Parent

Dallas

AustinOil And GasOil And GasEnergy

Description

Matador Resources Company announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC. The acquisition includes one of the largest, contiguous blocks of available acreage in the core of the Delaware basin and gathering assets consisting of 135 miles of water, natural gas, and oil pipelines. The acquisition strengthens Matador's position in the Delaware Basin, enhancing its production capacity, asset base, and future outlook.

Company Information

Company

Matador Resources Company

Location

Dallas, Texas, United States

About

Matador Resources Company (“Matador”) is a Dallas-based, well established, publicly traded, (NYSE:MTDR), independent energy company engaged in exploration, development, production and acquisition of oil and natural gas resources in the US, with a particular emphasis on shale plays and other unconventional plays. Matador’s current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. Matador’s has an excellent team of dedicated technical and administrative professionals and a culture of strong performance and financial discipline.

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