As American shale patch mergers and acquisitions continue in the consolidation frenzy, oil producer Matador Resources Co has struck a deal to buy EnCap Investments’ Permian basin assets for $1.9 billion in cash. In the deal, Matador will acquire new oil and gas producing properties in New Mexico and West Texas currently under the ownership of Ameredev II Parent LLC, according to a Wednesday press release, as well as a 19% stake in Piñon Midstream LLC’s New Mexico pipeline and compression assets.“As much as people…
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