Matador's Billion Dollar Bet on the Delaware Basin Matador Resources' $1. 28 billion acquisition of Paloma Permian LLC marks a significant move in the consolidation trend gripping the Permian Basin.
This deal raises questions about the long term viability of this strategy and the environmental impact of intensified drilling.
The acquisition includes 16,235 net undeveloped acres and producing assets expected to deliver around 11,100 barrels of oil equivalent per day.