Matador Resources Acquires 5,154 Net Undeveloped Acres in Delaware Basin for $1.14B

Deal Summary

Matador Resources Co. completed the acquisition of 5,154 net undeveloped acres in the Delaware basin, paying $1.14 billion in the BLM lease sale held May 20. The purchase expands Matador’s acreage to over 212,500 net acres and enhances its reserve base and operating efficiencies.