Matador Closes $1.8B Ameredev Deal

Matador Resources has completed a $1.83 billion bolt-on acquisition in the Delaware Basin that increases the company’s inventory to approximately 2,000 net locations. The deal was the largest in the company’s history, the company said on Sept. 19.

In June, Matador agreed to acquire a subsidiary of Ameredev II Parent LLC’s footprint that includes approximately 33,500 contiguous net acres (82% HBP and more than 99% operated) in the core of the basin.

The deal with Ameredev II, a portfolio company of private equity firm EnCap Investments LP, includes producing assets and undeveloped acreage in Lea County, New Mexico, and Loving and Winkler counties, Texas.

The acquired portfolio includes about 33,500 contiguous net acres in the northern Delaware Basin—adjacent to some of Matador’s core operating areas.