What did Matador Resources acquire, and for how much?

Matador Resources acquired 5,154 net undeveloped acres in the core of the Delaware Basin in southeast New Mexico for about $1.1 billion.

How many new drilling locations does Matador expect to add from this acquisition, and what is the implied cost per location?

Matador expects to add over 141 drilling locations from the acquisition, implying a price of about $7.3 million per location.

Matador Resources expands Delaware Basin position with $1.1 billion deal

May 21, 2026

Matador Resources acquired 5,154 net acres in the Delaware Basin for $1.1 billion, adding over 141 drilling locations to strengthen its shale position. Funded via cash and credit, the deal supports projected 2026 adjusted free cash flow near $1.2 billion.

reuters

2026-05-21

Matador Resources expands Delaware Basin position with $1.1 billion deal

2026-06-29

Matador Resources JV expands Delaware Basin footprint with $752 million Cardinal deal

2026-07-23

Matador to buy Paloma Permian for $1.28 billion, bolsters Delaware Basin presence

Matador Resources expands Delaware Basin position with $1.1 billion deal

FAQ