Matador Resources Announces Acquisitions of Paloma and Ridge Runner Assets

What Happened

• On July 22, 2026 Matador subsidiaries entered into two purchase agreements to buy upstream oil and gas assets. MRC Ranger, LLC (with MRC Energy Company guaranteeing certain obligations) signed the Paloma Purchase Agreement to acquire Paloma Permian, LLC and its subsidiaries. The Unadjusted Purchase Price for the Paloma deal is $1,275,000,000, with $63,750,000 deposited into escrow on signing. Separately, MRC Permian Company (with MRC Energy guaranteeing certain obligations) signed the Ridge Runner Purchase Agreement to acquire primarily undeveloped acreage and producing properties from Ridge Runner Resources II, LLC. Matador issued a press release on July 23, 2026 and posted a presentation on its investor website summarizing the transactions.

Key Details

• Paloma Unadjusted Purchase Price: $1,275,000,000; $63,750,000 placed into escrow at signing.
• Both deals have an effective date of June 1, 2026 and are expected to close early in Q4 2026, subject to customary conditions and adjustments.
• Purchase price for Paloma is subject to customary post-closing adjustments (working capital, title/environmental defects).
• Purchaser obtained a representation & warranty insurance policy and the agreements include reciprocal indemnities; most seller representations and warranties generally will not survive closing except for specified exceptions or fraud.

Why It Matters

• If completed, these acquisitions add producing properties and undeveloped Permian Basin acreage in New Mexico and West Texas to Matador’s portfolio. The Paloma transaction’s $1.275B cash consideration (subject to adjustments and escrow) and the use of rep & warranty insurance are material deal terms investors should monitor. Both transactions remain subject to closing conditions, so timing, final purchase price adjustments and integration outcomes will determine their ultimate financial and operational impact.