Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Matador Resources (MTDR) is now available.
Matador Resources Company and its subsidiaries have entered into a significant acquisition agreement to purchase all outstanding membership interests of Ameredev Stateline II, LLC for a cash consideration of $1.905 billion. This strategic move will give Matador ownership of oil and gas properties in New Mexico and Texas, as well as a stake in Piñon Midstream, LLC. Expected to close in the third quarter of 2024, the deal is contingent on customary conditions and regulatory approvals. This represents a substantial step for Matador in consolidating its position in the energy sector.
For a thorough assessment of MTDR stock, go to TipRanks’ Stock Analysis page.