Deal Description: On June 12, 2024, Matador Resources Company (NYSE: MTDR) (“Matador”) announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“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.

Baker Botts is representing Matador in the Ameredev Acquisition.

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. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produced water disposal services to third parties.

In-House Counsel for Matador: Bryan Erman, Bradley Hart and Cale Curtin

Baker Botts Lawyers/Office Involved:

Corporate: Preston Bernhisel (Partner, Dallas); Jon Platt (Partner, Dallas), Rusty Shellhorn (Associate, Dallas); Maddie Boezinger (Associate, Dallas)

Tax: Steve Marcus (Partner, Dallas); Jordan Hahn (Senior Associate, Dallas)

Finance: Luke Weedon (Partner, Dallas); Brittany Simington (Senior Associate, Dallas); Morgan Copher (Associate, Dallas)

Environmental: Jeff Wood (Partner, Washington D.C.); Aileen Hooks (Senior Counsel, Austin); Katie Jeffress (Associate, Austin)

Employee Benefits / Labor: Jason Loden (Partner, Dallas); Cynthia Uduebor (Special Counsel, Dallas)

Antitrust: Jeffrey Oliver (Partner, Washington D.C.); Michael Bodosky (Special Counsel, Washington D.C.)

Global Projects (Midstream Diligence): Scott Looper (Partner, Houston); Kat Iverson (Associate, Houston); Louise Stephens (Associate, Houston); Andrew Crayden (Associate, Houston); Gabbi Feldman (Associate, Houston)

For more information, please see Matador’s news release by clicking here.

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.