Exploration & Production | Deals - Acquisition, Mergers, Divestitures
Matador 4Q13 Permian, Delaware Basin Growth Update
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Matador Resources Company has reported the latest in acreage acquisitions for its Permian, Southeast New Mexico and West Texas positions.
Matador began 2013 with approximately 15,900 gross (7,600 net) acres in the Permian Basin in Southeast New Mexico and West Texas. During 2013, the Company acquired an additional approximately 55,400 gross (38,900 net) acres in this area, primarily in Lea and Eddy Counties, New Mexico. Including these acreage acquisitions, at December 31, 2013, Matador’s total Permian Basin acreage position in Southeast New Mexico and West Texas was approximately 70,800 gross (44,800 net) acres.
Since the Company’s Analyst Day presentation on December 12, 2013 through December 31, 2013, Matador added approximately 5,600 gross (4,000 net) acres to its Permian position, primarily in its Indian Draw/Rustler Breaks and Ranger/Querecho Plains prospect areas.
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