Matador closes $1.255B Paloma Permian acquisition, adding 16,500 net acres in Eddy and Lea Counties

Matador Resources Co

$1.255B as-adjusted cash purchase price (base $1.275B, subject to post-closing adjustments) for Paloma Permian LLC, a portfolio company of EnCap Investments L.P.
Adds ~16,500 net primarily undeveloped acres in Eddy and Lea Counties, New Mexico, plus 156 net locations and 59 approved drilling permits.
Acquired Paloma production has outperformed Matador's underwriting estimates by ~10% since June 1, 2026, led by Paloma's newest Eddy County wells.
Matador expects to drill up to 25 wells on Paloma acreage by year-end 2027; total Delaware Basin net acreage to reach ~240,000 after the Ridge Runner close.
Plans to pay down ~$350-400M on its PNC-led reserves-based credit facility in Q4 2026; Q3 2026 earnings release and call set for early November.

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