secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001104659-24-101211
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador closes $1.832B Ameredev acquisition; adds 33,500 net acres in Delaware Basin
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- Cash purchase price $1.832B (subject to post-close adjustments) funded via increased credit facility ($2.5B commitments).
- Acquired 33,500 net acres (82% HBP, >99% operated) with production expected to average 25,500-26,500 BOE/d in late Q3 2024.
- Includes 431 gross (371 net) operated locations, 118 MMBOE proved reserves (60% oil), and ~19% equity stake in Piñon Midstream.
- Enterprise Products acquiring Piñon for $950M; Matador expects its share of proceeds in Q4 2024, subject to approvals.
- Matador estimates ~$160M in operational synergies over five years via simul-frac, trimul-frac and dual fuel technologies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000110465924101211/0001104659-24-101211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000110465924101211/tm2424254d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-101211

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