The year-over-year increase is due not only to the Advance Energy acquisition that closed in April 2023 but also to increased production from new wells.
Matador Resources Co. said Thursday it had closed the purchase of Advance Energy Partners Holdings LLC from EnCap Investments LP for about $1.6 billion.
'This acquisition also positions Matador for continued success and growth throughout 2024, 2025 and into the future as one of the top ten producers in the Delaware Basin'.