Deal Insight
Matador bolts-on Advance Energy in US$1.6 billion Delaware deal
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 9 images and tables including:
- 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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