Matador acquires Paloma Permian for $1.275B, adds 16K acres and 11K BOE/d in New Mexico

Filed July 24, 2026 · Period ending July 22, 2026 · ~2 min read

Key Changes

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  Matador agreed to acquire Paloma Permian LLC for $1.275 billion in cash, adding 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico, and approximately 11,100 BOE per day of production (57% oil), with over 156 net locations and 55 million BOE of proved reserves.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Matador also acquired primarily undeveloped Woodford acreage from Ridge Runner Resources, bringing its total Woodford position to approximately 50,000 contiguous net acres in the Delaware Basin at an average cost of $4,000 per acre, adding over 150 net operated locations.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  The company's first exploratory Woodford well in Southeast Lea County (Rae's Creek) achieved initial production exceeding 2,200 BOE per day (72% oil) and is producing approximately 20% better than the average Woodford well in Texas on a 60-day cumulative oil production basis.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →