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EnCap Investments

EnCap Investments

Private equity firm

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Matador keeps buying up the Permian Basin

Money Moves

Seller (via portfolio companies)

Matador Resources will pay $1.275 billion in cash for Paloma Permian, a New Mexico oil driller owned by private equity firm EnCap Investments. It is the fourth time in three years Matador has bought an EnCap-backed company to grow in the Permian Basin.

Updated 1 hour ago