Announced
Completed
Synopsis
Matador Resources, an oil and gas producer, agreed to acquire Advance Energy, a team of experienced Oil and Gas technical professionals and managers, from EnCap Investments, a private equity firm, for $1.6bn. "We evaluated this transaction based on rock quality, the strong existing production and cash flow profile, the potential reserves additions, the high-quality inventory, the available midstream opportunities and the strategic fit within our existing portfolio of properties," Joseph Foran, Matador CEO.
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