Matador Resources to Acquire Paloma Permian LLC from EnCap Investments
July 23, 2026
Matador Resources announced a definitive agreement to acquire Paloma Permian LLC, a portfolio company of EnCap Investments, for $1.275 billion in cash. The acquisition is expected to close in Q4 2026 and adds large Woodford acreage in Eddy and Lea Counties, New Mexico.
- Targets
- Paloma Permian LLC
- Sellers
- EnCap Investments L.P.
- Industry
- Oil & Gas
- Location
- New Mexico, United States
- Transaction Type
- Buyout
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