Baker Botts advised a wholly owned subsidiary of Matador Resources Company (NYSE: MTDR) in a definitive agreement to acquire a subsidiary of Ameredey II Parent, LLC, including oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico, and Loving and Winkler Counties in Texas. The acquisition, announced in June 2024, also includes an approximately 19 percent stake in Piñon Midstream, LLC., which has midstream assets in southern Lea County. The transaction consists of a cash payment of $1.905 billion, subject to closing adjustments.

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

Twenty-one Baker Botts attorneys around the firm were involved in the transaction, led by Partners Preston Bernhisel and Jon Platt in Dallas.

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