---
title: "Matador Resources Expands Delaware Basin With Major Acquisitions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293752651.md"
description: "Matador Resources announced major acquisitions in the Delaware Basin, purchasing Paloma Permian LLC and assets from Ridge Runner Resources II for approximately $1.275 billion plus additional sums. The deals expand Matador's footprint to ~240,000 net acres and add significant reserves and production. Funded by cash and debt, the company aims to deleverage rapidly using expected $1 billion in 2026 adjusted free cash flow. Analysts rate MTDR a Buy with a $60 target."
datetime: "2026-07-24T11:31:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293752651.md)
  - [en](https://longbridge.com/en/news/293752651.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293752651.md)
---

# Matador Resources Expands Delaware Basin With Major Acquisitions

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Matador Resources ( (MTDR) ) has shared an update.

On July 22, 2026, Matador’s subsidiaries agreed to acquire Paloma Permian LLC and certain undeveloped and producing assets from Ridge Runner Resources II in the Delaware Basin, for a combined consideration centered on a $1.275 billion cash payment for Paloma and additional undisclosed sums for Ridge Runner. The Paloma deal adds 16,235 net undeveloped acres, an estimated 55 million BOE of proved reserves, roughly 11,100 BOE per day of production and 156 net drilling locations, while the Ridge Runner transaction consolidates Matador’s Woodford position to about 50,000 contiguous net acres and lifts its total Delaware Basin footprint to approximately 240,000 net acres, with closing of both deals targeted for early fourth quarter 2026 and effective as of June 1, 2026.

Matador highlighted successful test results from its Rae’s Creek exploratory Woodford well in Southeast Lea County, which recorded more than 2,200 BOE per day on a 24-hour test on June 29, 2026 and is outperforming the average Texas Woodford well on a 60-day basis, reinforcing the commercial viability of the play and supporting future development plans. The company intends to fund the acquisitions with cash on hand and borrowings under its reserve-based credit facility, expects to generate about $1 billion of adjusted free cash flow in 2026, and aims to rapidly deleverage by using incremental production from the acquired assets to repay debt and drive capital and operating efficiencies across its expanded Delaware Basin portfolio.

The most recent analyst rating on (MTDR) stock is a Buy  
with a $60.00 price target.  
To see the full list of analyst forecasts on Matador Resources stock,  
see the MTDR Stock Forecast page.

**Spark’s Take on MTDR Stock**

According to Spark, TipRanks’ AI Analyst, MTDR is a Neutral.

MTDR scores as above-average, led by a favorable earnings-call outlook (efficiency gains, cost targets, disciplined capital plan) and reasonable valuation. The biggest constraint is financial quality in the latest period—particularly weak free cash flow versus net income—while technicals are mildly supportive but not strongly trend-confirming given the stock sits below its 100-day moving average and has elevated stochastic readings.

To see Spark’s full report on MTDR stock,  
click here.

**More about Matador Resources**

Matador Resources Company is an independent U.S. energy producer focused on the exploration, development, production and acquisition of oil and natural gas, with a particular emphasis on shale and other unconventional plays in the Delaware Basin. Founded in 2003, the company has steadily expanded its footprint in Southeast New Mexico and West Texas through a “brick-by-brick” acreage aggregation strategy targeting high-return resource plays.

**Average Trading Volume:** 1,733,111

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $6.83B

### Related Stocks

- [MTDR.US](https://longbridge.com/en/quote/MTDR.US.md)

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