NYSE:MTDROil and Gas
Matador Resources Expands Delaware Basin Acreage And Extends Drilling Runway
Matador Resources (NYSE:MTDR) has agreed to acquire over 5,000 net undeveloped acres in the Delaware Basin.
The transaction expands the company’s core acreage position and adds to its future drilling inventory.
The newly acquired acreage is described as high quality and directly increases Matador’s reserve base.
For investors tracking NYSE:MTDR, this acreage deal comes with the stock around $56.09 and a return of 29.4% year to date and 32.6% over the past year. Over a 5-year period, the...
