Agreement signedPublished 5 Oct 2026

Matador Resources Company /
Paloma Permian LLC

Matador buys EnCap-backed Paloma Permian for $1.255 billion

Buy side: Matador Resources Company
Buy sideMatador Resources Company
Target: EnCap Investments L.P.
TargetEnCap Investments L.P.
Matador Resources Company (SEC 8-K Exhibit 99.1) · 5 Oct 2026Source
Buy side: Matador Resources Company
Buy sideMatador Resources Company
Target: EnCap Investments L.P.
TargetEnCap Investments L.P.
01 / BuyerMatador Resources Company
02 / SellerEnCap Investments L.P.
03 / TargetPaloma Permian LLC
Source for the buyer, seller and target: Matador Resources Company (SEC 8-K Exhibit 99.1)

For the buyer, seller and target.

“Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the closing of the previously announced acquisition of Paloma Permian LLC (“Paloma”), a portfolio company of EnCap Investments L.P. (“EnCap”), for cash consideration of $1.255 billion, which amount is subject to customary post-closing adjustments (the “Paloma Acquisition”).”

Published 5 Oct 2026

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01

What happened

Matador Resources announced the closing of its acquisition of Paloma Permian, an EnCap Investments portfolio company, for cash consideration of $1.255 billion before customary post-closing adjustments. The deal adds about 16,500 net, mostly undeveloped acres in Eddy and Lea Counties, New Mexico. [01]

Matador says production tied to the acquisition has run about 10% above its underwriting estimates since June 1, 2026. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Matador Resources Company (SEC 8-K Exhibit 99.1)

Matador buys EnCap-backed Paloma Permian for $1.255 billion

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Also stated

    “Matador says production tied to the acquisition has run about 10% above its underwriting estimates since June 1, 2026”

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  2. Published by Matador Resources Company (SEC 8-K Exhibit 99.1)

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This dealMatador Resources Company / Paloma Permian LLCAgreement signed · Published 5 Oct 2026
BuyerMatador Resources CompanyTargetPaloma Permian LLCSellerEnCap Investments L.P.
This dealMatador Resources Company / Paloma Permian LLC

Agreement signed · Matador Resources Company / Paloma Permian LLC deal (Agreement signed, published 5 Oct 2026).

Published 5 Oct 2026
Timeline
  1. Also stated
  2. Published by Matador Resources Company (SEC 8-K Exhibit 99.1)
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