Description

Matador Resources’ $1.275 Billion Deal Could Redefine Delaware Basin Growth!

Matador Resources has moved to expand its Delaware Basin footprint through a definitive agreement to acquire Paloma Permian LLC for $1.275 billion in cash, subject to customary closing adjustments. The transaction is expected to add 16,235 net undeveloped acres across Eddy and Lea Counties, New Mexico, along with estimated third-quarter production of roughly 11,100 barrels of oil equivalent per day, 57% of which is oil. It would also bring 55 million BOE of proved reserves, $816 million of PV-10 as of May 31, 2026, and more than 156 net drilling locations normalized to two-mile laterals. The deal arrives as Matador is also expanding its Woodford position through the Ridge Runner acquisition and reporting strong early results from the Rae’s Creek well.