Matador Resources Company closes strategic acquisition of Ameredev II Parent, LLC to strengthen position in the Delaware Basin
Matador Resources Company closes strategic acquisition of Ameredev II Parent, LLC to strengthen position in the Delaware Basin
09/19/24, 10:41 AM
Location
dallasaustinIndustry
oil and gas
oil and gas
energy
Matador Resources Company announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC. The acquisition includes one of the largest, contiguous blocks of available acreage in the core of the Delaware basin and gathering assets consisting of 135 miles of water, natural gas, and oil pipelines. The acquisition strengthens Matador's position in the Delaware Basin, enhancing its production capacity, asset base, and future outlook.
Company Info
Location
Dallas, Texas, United States
Company info
Matador Resources Company (“Matador”) is a Dallas-based, well established, publicly traded, (NYSE:MTDR), independent energy company engaged in exploration, development, production and acquisition of oil and natural gas resources in the US, with a particular emphasis on shale plays and other unconventional plays.
Matador’s current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. Matador’s has an excellent team of dedicated technical and administrative professionals and a culture of strong performance and financial discipline.