Matador Resources (MTDR) said its wholly owned subsidiary will acquire Paloma Permian LLC from EnCap Investments for $1.275B in cash. The announced purchase price suggests an expansion of Permian assets, which is modestly positive for MTDR’s growth outlook, though details on expected returns/synergies were not provided.
Matador Resources (MTDR) said its wholly owned subsidiary will acquire Paloma Permian LLC from EnCap Investments for $1.275B in cash. The announced purchase price suggests an expansion of Permian assets, which is modestly positive for MTDR’s growth outlook, though details on expected returns/synergies were not provided.
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