Exit·Energy/Oil & Gas Exploration / Production·July 23, 2026
EnCap exits Paloma Permian to Matador Resources
Matador agreed to pay $1.275 billion in cash for 16,235 net undeveloped Delaware Basin acres producing about 11,100 barrels of oil equivalent.
Takeaways
- Paloma Permian is a Permian Basin oil and gas exploration and production company.
- EnCap Investments is selling Paloma Permian to Matador Resources.
- The target serves oil and gas production across New Mexico, United States.
BuyerMatador Resources
TargetPaloma Permian
SponsorEnCap Investments
SellerEnCap Investments
TypeExit
GeographyNew Mexico, United States
IndustryEnergy
Sub-sectorOil & Gas Exploration / Production
EnCap Investments agreed to sell Paloma Permian to Matador Resources for $1.275 billion in cash.
The Delaware Basin assets include 16,235 net undeveloped acres, estimated production of about 11,100 barrels of oil equivalent.
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