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Matador (MTDR) to boost its Delaware Basin presence with a $1.9 billion purchase of Ameredev's assets. The acquisition will include high-quality oil and gas properties and a significant stake in Pinon Midstream.
U.S. oil and gas producer Matador Resources 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.
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Matador (MTDR) reported earnings 30 days ago. What's next for the stock?
Handsome oil prices aid Matador's (MTDR) upstream operations. However, the company is exposed to volatility in commodity prices.