secwatch.observer — SEC 8-K summary
======================================

Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2026-07-24T11:00:26+00:00
Accession:  0001104659-26-086469
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador to acquire Paloma Permian for $1.275B cash and Ridge Runner acreage; Woodford well test exceeds 2,200 BOE/d
--------------------------------------------------------------------------------

- Paloma Acquisition: $1.275B cash for 16,235 net acres in Eddy/Lea Counties, NM; adds ~11,100 BOE/d (57% oil) and 55 MMBOE proved reserves.
- Ridge Runner Acquisition: adds ~50,000 contiguous net acres in Woodford play; 150+ net operated locations acquired at ~$1.3M per location.
- Rae's Creek Woodford well tested at >2,200 BOE/d (72% oil); 60-day cumulative oil production 20% above average Woodford wells in Texas.
- Acquisitions funded via cash on hand and RBL credit facility; Matador expects ~$1B adjusted free cash flow in 2026 to repay debt.
- Closings expected early Q4 2026 with effective date June 1, 2026; both sellers are EnCap portfolio companies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000110465926086469/0001104659-26-086469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000110465926086469/tm2621144d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-086469

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer