MarketPR
A $1.275 billion cash deal to acquire Paloma Permian LLC puts Matador Resources (NYSE: MTDR) on track for a fourth-quarter 2026 close, with a simultaneous acreage buy from Ridge Runner Resources II expanding the company's Woodford footprint to approximately 50,000 contiguous net acres.
Both sellers are portfolio companies of EnCap Investments L.P. Together, the transactions push Matador's Delaware Basin total to approximately 240,000 net acres.
The Paloma numbers The Paloma Permian deal adds 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico, with the majority of that acreage held by production.
Acquired properties carry third-quarter 2026 production guidance of approximately 10,600 to 11,600 BOE per day, weighted 57% to oil, with proved reserves of 55 million BOE.
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