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
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