• Matador Resources announced a bolt-on acquisition of 5,154 net undeveloped acres in the core Delaware Basin in Southeast New Mexico through a Bureau of Land Management oil and gas lease sale.
• Purchase price of about $1.14 billion, funded through cash on hand and an existing credit facility.
• Deal terms include an 87.5% net revenue interest with a 10-year term across all depths.
• Transaction adds more than 141 net operated locations, normalized to 2-mile laterals, with potential for extended-reach drilling.
• Acreage sits near existing infrastructure, with expected incremental volumes for its San Mateo midstream system.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Resources Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260521632682) on May 21, 2026, and is solely responsible for the information contained therein.