Matador Resources agrees to buy Paloma Permian assets for $1.28 billion cash

• Matador Resources agreed to buy Paloma Permian for a cash payment of USD 1.275 billion, adding producing assets in Southeast New Mexico.
• Deal includes 16,235 net undeveloped acres in Eddy and Lea counties, third-quarter output of about 11,100 BOE/day, 57% oil; closing expected Q4 2026.
• Acquisition adds USD 816 million PV-10 as of May 31, 2026, with 55 million BOE of proved reserves.
• Separate Ridge Runner acreage deal expands its Woodford position to about 50,000 contiguous net acres, lifting Delaware Basin acreage to about 240,000 net acres.
• Rae’s Creek Woodford test well in Lea County posted initial production above 2,200 BOE/day, 72% oil, supporting commercial development plans.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-086469), on July 24, 2026, and is solely responsible for the information contained therein.