secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001520006-24-000153
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matador updates on $1.905B Ameredev acquisition; expects record Q2 2024
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- All-cash purchase price of $1.905 billion for 33,500 net acres in northern Delaware Basin (82% HBP, >99% operated).
- Adds estimated Q3 2024 production of 25,000-26,000 BOE/d (65% oil); PV-10 of $1.46B on proved reserves.
- Pro forma: 192K net acres, ~2K net locations, >180K BOE/d, ~580M BOE reserves, EV >$10B.
- Closing late Q3 2024; funded via increased credit facility to $2.25B and $250M Term Loan A.
- Expects Q2 2024 to be another record quarter; full earnings call later in July.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000153/0001520006-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000624000153/mtdr-20240702.htm
  HTML page:      https://secwatch.observer/filing/0001520006-24-000153

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