secwatch.observer — SEC 8-K summary
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Issuer:     Matador Resources Co (MTDR)
CIK:        0001520006
Form:       8-K
Filed at:   2026-10-05T11:36:02+00:00
Accession:  0001520006-26-000050
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520006/000152000626000050/0001520006-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520006/000152000626000050/mtdr-20261001.htm
  HTML page:      https://secwatch.observer/filing/0001520006-26-000050

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