Deal Insight
Matador bolts-on Advance Energy in US$1.6 billion Delaware deal
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Matador is back in the ring. The company scooped up EnCap-backed Advance Resources Delaware Basin position for US$1.6 billion. It's been a choppy start to A&D markets in 2023 with many packages stalling amidst price volatility. For Advance and EnCap, the deal marks another successful exit for a built-to-sell business. For Matador, the deal – which adds 18,500 net acres, 25,000 boe/d and related gathering infrastructure – underscores the increasing importance of inventory expansion, operational synergies and balance sheet strength. Olé, Matador!
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides:
- Risks:
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Matador and Advance acreage
- Advance's New Mexico acreage and operated wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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