Matador Resources buys Permian Basin assets from Ameredev II for $1.9B, including a stake in Piñon Midstream LLC, closing Q3 2024.
Matador Resources Co. agreed to buy oil and gas assets in the Permian Basin from Ameredev II Parent LLC, a portfolio company of EnCap Investments, for $1.9 billion in cash. The deal includes producing properties and undeveloped acreage in New Mexico and West Texas, along with a 19% stake in Piñon Midstream LLC, which has pipeline and compression assets in New Mexico. The acquisition is anticipated to close in the third quarter of 2024, subject to customary conditions.
June 12, 2024
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