Matador Resources Company Announces Successful Acquisitions in Federal Lease Sale
Matador Resources acquired 5,154 net undeveloped acres in the core Delaware Basin from the Bureau of Land Management for approximately $1.143 billion. The deal adds over 141 net operated locations with an implied cost of $7.3 million per location, leveraging existing infrastructure and midstream assets like San Mateo.
Key figures
- Deal Value Usd
- 1143000000
- Lease term
- 10 years
- Acres acquired
- 5154
- Cost per location
- 7300000
- Fcf 2026 guidance
- 1200000000
- Net revenue interest
- 87.5%
- Net operated locations
- 141
- Historical returns from similar tracts
- 1900000000
AI analysis
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