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Matador Resources acquires Cardinal's assets
PUBLIC · MTDRAug 08, 2026•about 11 hours ago
Acquiring Company
Matador Resources
Acquired Company
Cardinal
DallasEnergyOil And GasNatural Resources
Description
Matador Resources has successfully acquired Cardinal, enhancing its upstream and midstream operations in the Delaware Basin. The integration of Cardinal's midstream assets is expected to improve production efficiency and return on investment. This acquisition is part of Matador's strategy to strengthen its market position while focusing on profitable growth. Recently acquired properties are projected to generate high returns due to favorable reservoir characteristics.
Company Information
Company
Matador Resources
Location
Dallas, Texas, United States
About
Matador Resources is an oil and natural gas company focused on the exploration, production, and acquisition of assets in the Delaware Basin. The company is known for leveraging its existing infrastructure and field teams to enhance operational efficiencies. Matador targets high-quality inventory in core areas for long-term value creation. It aims to generate strong free cash flow and maximize returns on its investments.
DallasEnergyOil And GasNatural Resources