secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001520006-23-000091
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000091/0001520006-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000623000091/mtdr-20230412.htm
  HTML page:      https://secwatch.observer/filing/0001520006-23-000091

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