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Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition

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Vinson & Elkins Represented EnCap Investments L.P. (“EnCap”) in connection with the entry by its portfolio company, Ameredev II Parent, LLC (Ameredev), into a definitive agreement with a wholly-owned subsidiary of Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) pursuant to which Matador’s subsidiary will acquire a subsidiary of Ameredev, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”).

The Ameredev Acquisition also includes an approximate 19% stake in Piñon Midstream, LLC (“Piñon”), which has midstream assets in southern Lea County, New Mexico. The consideration for the Ameredev Acquisition will consist of a cash payment of $1.905 billion, subject to customary closing adjustments. Ameredev is a portfolio company of EnCap Investments L.P. (“EnCap”).

The Vinson & Elkins team was led by partner Bryan Loocke and senior associate Michael Zarcaro, with assistance from associates Brad Oster and Darren Fox. Other key team members include partners Megan James, Todd Way and John Lynch, senior associate Dan Henderson and associates Adam Bateman, Ryan Dolmanet and Patrick Darby; partners Ron Tenpas, Matt Dobbins and Patrick Traylor and associates Milton Padilla, Aaron Silberman, Alyssa Sieja and Kelly Rondinelli; partners David D’Alessandro and Shane Tucker and senior associate Brian DeShannon; partner Becky Baker; partners Hill Wellford and Kara Kuritz and counsel Evan Miller; partner Damien Lyster and associate Reagan Lutter; partners Matt Strock, Mike Marek, Jackson O’Maley and Doug McWilliams, senior associate David Lassetter and associate Kelli Westmoreland; and partner Sarah Mitchell and senior associate Alexander Baker.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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