---
schema_version: "secwatch.filing_event.v1"
accession: "0001520006-23-000091"
form_type: "8-K"
ticker: "MTDR"
cik: "0001520006"
company_name: "Matador Resources Co"
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:36:43.450399+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Matador closes ~$1.6B Advance Energy acquisition in Delaware Basin

## Summary
- Paid ~$1.6B in cash (as-adjusted) for 18,500 net acres (99% HBP) in Lea County, NM and Ward County, TX.
- Potential additional $7.5M for each month in 2023 with average WTI >$85/barrel.
- Adds 206 gross (174 net) operated locations in core zones; also includes midstream assets.
- Funded via cash on hand and credit facility increase from $775M to $1.25B.
- Management expects no significant leverage impact; committed to debt paydown and shareholder returns.

## SEC filing metadata
- accession: 0001520006-23-000091
- form_type: 8-K
- ticker: MTDR
- cik: 0001520006
- company_name: Matador Resources Co
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000091/0001520006-23-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000091/mtdr-20230412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520006-23-000091
- JSON: https://secwatch.observer/filing/0001520006-23-000091.json
- Plain text: https://secwatch.observer/filing/0001520006-23-000091.txt

## Key facts
- M&A Transactions
  Matador Resources Co completed an acquisition involving Advance Energy Partners Holdings, LLC for $1,600,000,000 (closed 2023-04-12).
  - Action: acquisition
  - Counterparty: Advance Energy Partners Holdings, LLC
  - Consideration: $1,600,000,000
  - Closing: 2023-04-12
  source text: On April 12, 2023, MRC Hat Mesa, LLC (“Purchaser”), a wholly-owned subsidiary of Matador Resources Company (“Matador”), consummated the previously disclosed acquisition (the “Acquisition”) contemplated by that certain Securities Purchase Agreement, dated as of January 24, 2023 (the “Purchase Agreement”), among Purchaser, MRC Energy Company (“MRC Energy”) (solely for the purposes of guaranteeing the obligations of Purchaser), AEP EnCap HoldCo, LLC (“AEP EnCap”), Ameradvance Management LLC (“ManagementCo” and, together with AEP EnCap, each a “Seller” and collectively, the “Sellers”) and Advance Energy Partners Holdings, LLC (the “Target”), pursuant to which, among other things, Sellers agreed to sell to Purchaser, and Purchaser agreed to purchase from Sellers, all of the issued and outstanding membership interests of the Target, for an aggregate purchase price consisting of (i) an amount in cash equal to $1,600,000,000 (subject to certain customary adjustments, including for working capi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1520006/000152000623000091/0001520006-23-000091-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.