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Matador Resources in $1.91 bln deal to expand in Delaware basin
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Matador Resources in $1.91 bln deal to expand in Delaware basin
Jun 12, 2024 4:59 AM

June 12 (Reuters) - U.S. oil and gas producer Matador

Resources ( MTDR ) said on Wednesday it would buy a unit of

Ameredev II Parent, including certain oil and natural gas

producing assets and undeveloped acreage in the Delaware basin,

for about $1.91 billion.

The deal is expected to close in the third quarter.

Ameredev is part of EnCap Investments and the deal marks a

second significant transaction Matador has done with the private

equity firm in the last 18 months.

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