M&A Deal Summary

Matador Acquires Ameredev II

On June 12, 2024, Matador acquired oil/gas exploration company Ameredev II from EnCap Investments for 1.9B USD

Acquisition Highlights
  • This is Matador’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Matador’s largest (disclosed) transaction.
  • This is Matador’s 5th transaction in the United States.
  • This is Matador’s 4th transaction in Texas.

M&A Deal Summary
Date 2024-06-12
Target Ameredev II
Sector Oil/Gas Exploration
Buyer(s) Matador
Sellers(s) EnCap Investments
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Ameredev II

Austin, Texas, United States
Ameredev II is an exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin. Ameredev II is based in Austin, Texas.

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Buyer(S) 1

Buyer

Matador

Dallas, Texas, United States
Category Company
Founded 2003
Sector Oil/Gas Exploration
Employees395
Revenue 2.8B USD (2023)
DESCRIPTION

Matador is an energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States. Matador was founded in 2003 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Oil/Gas Exploration) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Texas) 4 of 4
Country (United States) 5 of 5
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Advance Energy Partners

Houston, Texas, United States

Advance Energy Partners is an exploration and production company focused on acquisition and low-risk leasing and drilling opportunities in Texas and the Rockies.

Buy $1.6B

Seller(S) 1

SELLER

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.

DEAL STATS #
Overall 51 of 51
Sector (Oil/Gas Exploration) 48 of 48
Type (Add-on Acquisition) 30 of 30
State (Texas) 38 of 38
Country (United States) 50 of 50
Year (2024) 2 of 2
Size (of disclosed) 3 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Triple Oak Power

Portland, Oregon, United States

Triple Oak Power develops and monetizes high-quality renewable energy projects to accelerate the U.S. transition to renewable energy and help shape a more diverse, reliable, and sustainable power grid. Triple Oak Power was founded in 2020 and is based in Portland, Oregon.

Sell -
Mergr

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