Matador Resources closes Ridge Runner deal for 13,600 net acres in Woodford play
Bitget2026/10/08 20:16Matador Resources closed its acquisition of about 13,600 net acres, largely undeveloped, from Ridge Runner Resources II. Deal expands its core Woodford position to about 50,000 net acres across prior acquisitions, averaging $4,000 per acre. Transaction adds more than 150 net operated Woodford drilling locations, normalized to two-mile laterals, at about $1.3 million per location. Woodford development plan calls for a second well in Q4 2026, targeting up to 15 wells by end-2027. Matador forecast year-end debt repayments of $350 million to $400 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Resources Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202610081615BIZWIRE_USPR_____20261006_BW710001) on October 08, 2026, and is solely responsible for the information contained therein.
- Matador Resources closed its acquisition of about 13,600 net acres, largely undeveloped, from Ridge Runner Resources II.
- Deal expands its core Woodford position to about 50,000 net acres across prior acquisitions, averaging $4,000 per acre.
- Transaction adds more than 150 net operated Woodford drilling locations, normalized to two-mile laterals, at about $1.3 million per location.
- Woodford development plan calls for a second well in Q4 2026, targeting up to 15 wells by end-2027.
- Matador forecast year-end debt repayments of $350 million to $400 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian used car dealer UC Automotive (UCAU.RC.US) files for IPO in the US: aims to raise 29 million USD and list on Nasdaq
Canadian used car dealer UC Automotive has applied for a Nasdaq IPO, aiming to raise up to $29 million, with its main focus on the Greater Vancouver market. Kingswood is the sole underwriter.
Swiss Franc weakens as Fed hawkish outlook lifts USD/CHF
Crypto prices
More
