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Company behind record bid at Permian auction comes forth
9/14/2018

Matador Resources revealed itself as the company that paid a historic $95,001 per acre at a recent Permian Basin auction, saying it spent $387 million to acquire 8,400 net acres in the Permian's Delaware Basin. In New York, Matador's stock price fell 7% following the announcement, the biggest drop in over a year.

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