Matador Resources Completes $1.26 Billion Acquisition of Paloma Permian

Key Facts

1Matador Resources completed the acquisition of Paloma Permian LLC for $1.255 billion in cash.

2The deal adds approximately 16,500 net acres in New Mexico and over 156 net drilling locations in the Delaware Basin.

3The company plans to drill up to 25 new wells by year-end 2027 and reduce its credit facility.

Matador Resources completed the acquisition of Paloma Permian LLC for $1.255 billion in cash. Investing.com India reported that the deal adds approximately 16,500 net acres in New Mexico and over 156 net drilling locations in the Delaware Basin. The company plans to drill up to 25 new wells by year-end 2027 and intends to reduce its credit facility following the transaction.

MTDR closed at $52.96 on October 1, 2026, with the stock reaching a day high of $53.44 and a low of $51.22. The acquisition is designed to boost production capacity in the Permian Basin while optimizing the company's balance sheet through planned debt reduction.