07:54 AM EDT, 06/12/2024 (MT Newswires) -- Matador Resources ( MTDR ) said Wednesday its wholly owned unit has agreed to buy certain oil- and natural gas-producing properties and undeveloped acreage in Lea County, New Mexico, and Loving and Winkler Counties in Texas from a portfolio company owned by EnCap Investments for $1.91 billion in cash.

The deal will likely be completed in late Q3 with an effective date of June 1, Matador said.