Matador Resources to acquire Ameredev's Delaware basin assets for $1.91bn [Yahoo! Finance]
Matador Resources Company (MTDR)
Last matador resources company earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
Under the deal terms, Matador will also acquire approximately a 19% stake in Piñon Midstream, which owns midstream assets in southern Lea County, New Mexico. Matador estimates that the Ameredev properties have total proved reserves of 118 million barrels of oil equivalent (mboe), with 60% being oil as of 31 May 2024. Post-acquisition, Matador's pro forma metrics include more than 190,000 net acres in the Delaware Basin, around 2,000 net locations and daily production exceeding 180,000boe. The company's proved reserves are expected to surpass 580mboe, with an enterprise value exceeding $10bn. The deal also increases Matador's resource base and expands its midstream footprint with a significant stake in Piñon. This move is expected to enhance the coordination of gathering, transporting and treating natural gas from the acquired properties. Matador founder, chairman and CEO Joseph Wm Foran said: “As with the successful Advance Energy deal we completed in April of 2023, we view
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News
- Matador Resources (NYSE: MTDR) is now covered by analysts at Stephens. They set an "overweight" rating and a $83.00 price target on the stock.MarketBeat
- Oil & Gas Stock Roundup: Energy Companies Race to Consolidate [Yahoo! Finance]Yahoo! Finance
- Here's Why Matador Resources Company (MTDR) Rose 18% in Q1 [Yahoo! Finance]Yahoo! Finance
- All You Need to Know About Matador (MTDR) Rating Upgrade to Strong Buy [Yahoo! Finance]Yahoo! Finance
- Here's Why Matador (MTDR) is an Attractive Investment Bet [Yahoo! Finance]Yahoo! Finance
MTDR
Earnings
- 4/23/24 - Beat
MTDR
Sec Filings
- 6/18/24 - Form 8-K
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- MTDR's page on the SEC website