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BRIEF-Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition
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BRIEF-Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition
Jun 12, 2024 5:39 AM

June 12 (Reuters) - Matador Resources Co ( MTDR ):

* MATADOR RESOURCES COMPANY ANNOUNCES STRATEGIC BOLT-ON

DELAWARE

BASIN ACQUISITION

* MATADOR RESOURCES CO ( MTDR ) - CONSIDERATION FOR AMEREDEV

ACQUISITION

WILL CONSIST OF A CASH PAYMENT OF $1.905 BILLION

* MATADOR SECURES 19% IN PIÑON MIDSTREAM THROUGH DEAL

* MATADOR RESOURCES CO ( MTDR ) - DEAL, EXPECTED TO GENERATE FORWARD

ONE-YEAR ADJUSTED EBITDA OF ABOUT $425 TO $475 MILLION AT STRIP

PRICES AS OF LATE MAY 2024

* MATADOR RESOURCES CO ( MTDR ) - DEAL IS ACCRETIVE TO RELEVANT KEY

FINANCIAL AND VALUATION METRICS

* MATADOR RESOURCES CO ( MTDR ) - AMEREDEV ASSET ESTIMATED PRODUCTION

IN Q3

OF 2024 OF 25,000 TO 26,000 BOE PER DAY

* MATADOR RESOURCES CO ( MTDR ) - EXPECTS TO ADD FUTURE PROVED

RESERVES AND

RESERVES VALUE AS A RESULT OF DEVELOPMENT OF AMEREDEV PROPERTIES

GOING FORWARD

Source text for Eikon:

Further company coverage:

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