Brief: Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition

Matador Resources

12/06/2024 13:18

June 12 (Reuters) - Matador Resources Co  MTDR.N :
    * MATADOR RESOURCES COMPANY ANNOUNCES STRATEGIC BOLT-ON
DELAWARE
BASIN ACQUISITION
    * MATADOR RESOURCES CO - CONSIDERATION FOR AMEREDEV
ACQUISITION
WILL CONSIST OF A CASH PAYMENT OF $1.905 BILLION
    * MATADOR SECURES 19% IN PIÑON MIDSTREAM THROUGH DEAL
    * MATADOR RESOURCES CO - DEAL, EXPECTED TO GENERATE FORWARD
ONE-YEAR ADJUSTED EBITDA OF ABOUT $425 TO $475 MILLION AT STRIP
PRICES AS OF LATE MAY 2024
    * MATADOR RESOURCES CO - DEAL IS ACCRETIVE TO RELEVANT KEY
FINANCIAL AND VALUATION METRICS
    * MATADOR RESOURCES CO - AMEREDEV ASSET ESTIMATED PRODUCTION
IN Q3
OF 2024 OF 25,000 TO 26,000 BOE PER DAY
    * MATADOR RESOURCES CO - EXPECTS TO ADD FUTURE PROVED
RESERVES AND
RESERVES VALUE AS A RESULT OF DEVELOPMENT OF AMEREDEV PROPERTIES
GOING FORWARD

Source text for Eikon:  ID:nBw4Vj9Rma 
Further company coverage:  MTDR.N 

 ((Reuters.Briefs@thomsonreuters.com;))