An announcement from Matador Resources (MTDR) is now available.
Matador Resources Company and its subsidiaries have entered into a significant acquisition agreement to purchase all outstanding membership interests of Ameredev Stateline II, LLC for a cash consideration of $1.905 billion. This strategic move will give Matador ownership of oil and gas properties in New Mexico and Texas, as well as a stake in Piñon Midstream, LLC. Expected to close in the third quarter of 2024, the deal is contingent on customary conditions and regulatory approvals. This represents a substantial step for Matador in consolidating its position in the energy sector.
For a thorough assessment of MTDR stock, go to TipRanks’ Stock Analysis page.
