Matador Resources in $1.91 bln deal to expand in Delaware basin (updated)

Matador Resources

12/06/2024 12:33

(Adds details throughout)
       June 12 (Reuters) - U.S. oil and gas producer Matador
Resources  MTDR.N  said on Wednesday it would buy a unit of
Ameredev II Parent, including certain oil and natural gas
producing assets and undeveloped acreage in the Delaware basin,
for about $1.91 billion.
    The deal is expected to close in the third quarter.
    Ameredev is part of EnCap Investments and the deal marks a
second significant transaction Matador has done with the private
equity firm in the last 18 months.
    

 (Reporting by Vallari Srivastava in Bengaluru; Editing by Sonia
Cheema and Sriraj Kalluvila)
 ((Srivastava.Vallari@thomsonreuters.com;))