Matador Resources entered into a securities purchase agreement to acquire all membership interests of Paloma Permian for $1.275 billion in cash. The deal includes a $63.75 million escrow and is subject to customary adjustments and closing conditions, with closing expected early in the fourth quarter of 2026 and an effective date of June 1, 2026. Matador obtained representation and warranty insurance and customary indemnities, aiming to expand its position in Eddy and Lea Counties, New Mexico.
Agreement details:
- Agreement type: Securities purchase agreement to acquire Paloma Permian
- Counterparty: Paloma Permian Holdings and Paloma Permian Intermediate
- Signed / Effective: Jul 22 2026 / Jun 01 2026
- Reason: Expand Delaware Basin position in New Mexico
Original SEC Filing:
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