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An update from Matador Resources ( (MTDR) ) is now available.
Matador Resources Company has strengthened its position in the energy sector by finalizing a strategic acquisition of Ameredev II Parent, LLC’s subsidiary for a cash consideration of approximately $1.832 billion. This deal significantly expands Matador’s footprint in the Delaware Basin with an addition of about 33,500 net acres and 118 million barrels of oil equivalent in reserves. Furthermore, the acquisition was financed through a revised credit facility that increased Matador’s borrowing commitments and included a new term loan. Matador’s future plans include operational efficiencies and the integration of the newly acquired assets, projecting synergies of around $160 million over the next five years.
See more insights into MTDR stock on TipRanks’ Stock Analysis page.
