Matador Resources shares are trading lower. The company announced its unit has agreed to acquire Paloma Permian for $1.28 billion and undeveloped acreage from Ridge Runner Resources.

Matador Resources Company

Matador Resources Company

MTDR

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Matador Resources shares are trading lower. The company announced its unit has agreed to acquire Paloma Permian for $1.28 billion and undeveloped acreage from Ridge Runner Resources.