Matador closes Ridge Runner deal, adds 13,600 net acres in core Woodford play

Bitget2026/10/08 20:16

Matador closed the Ridge Runner acquisition of about 13,600 net acres in the core Woodford shale play. Deal lifts its Woodford position to about 50,000 net acres, built across more than 400 transactions at an average $4,000 per acre. Added more than 150 net operated Woodford drilling locations, acquired at about $1.3 million per net location. Rae's Creek Woodford well averaged over 1,000 barrels of oil per day in its first 100 days, topping 100,000 barrels. Second Woodford well targeted for Q4 2026; plan calls for up to 15 Woodford wells by year-end 2027. 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: 20261006710001) on October 08, 2026, and is solely responsible for the information contained therein.

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