Matador Resources closes Ridge Runner deal for 13,600 net acres in Woodford play

Bitget2026/10/08 20:16

Matador Resources closed its acquisition of about 13,600 net acres, largely undeveloped, from Ridge Runner Resources II. Deal expands its core Woodford position to about 50,000 net acres across prior acquisitions, averaging $4,000 per acre. Transaction adds more than 150 net operated Woodford drilling locations, normalized to two-mile laterals, at about $1.3 million per location. Woodford development plan calls for a second well in Q4 2026, targeting up to 15 wells by end-2027. Matador forecast year-end debt repayments of $350 million to $400 million. 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: 202610081615BIZWIRE_USPR_____20261006_BW710001) on October 08, 2026, and is solely responsible for the information contained therein.

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