Matador Resources to buy Paloma Permian assets for USD 1.275 billion

Reuters2026/07/23 10:31

By:Reuters

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Matador Resources agreed to buy Paloma Permian’s Southeast New Mexico producing assets and undeveloped acreage for a cash payment of $1.28 billion.
Deal includes 16,235 net undeveloped acres in Eddy and Lea counties, New Mexico; third-quarter output estimated at about 11,100 BOE/day, 57% oil.
Paloma package carries $816 million PV-10 as of May 31, 2026; proved reserves of 55 million BOE; expected to close in Q4 2026.
Separate agreement to acquire mostly undeveloped Woodford acreage from Ridge Runner; combined Woodford position targeted at about 50,000 net acres.
Transactions expected to be funded with cash on hand, borrowings under the existing reserve-based lending credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Resources Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202607230630BIZWIRE_USPR_____20260723_BW472924) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Matador Resources to buy Paloma Permian assets for USD 1.275 billion

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