Matador Resources CompanySecurities Purchase Agreement • May 5th, 2023 • Matador Resources Co • Crude petroleum & natural gas
On January 24, 2023, MRC Hat Mesa, LLC (“Purchaser”), a wholly-owned subsidiary of Matador Resources Company (“Matador” or the “Company”), and, solely for the purposes of guaranteeing the obligations of Purchaser, MRC Energy Company (“MRC Energy”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with AEP EnCap HoldCo, LLC (“AEP EnCap”), Ameradvance Management LLC (“ManagementCo” and, together with AEP EnCap, each a “Seller” and collectively, the “Sellers”) and Advance Energy Partners Holdings, LLC (“Advance”), pursuant to which, among other things, Sellers agreed to sell to Purchaser, and Purchaser agreed to purchase from Sellers, all of the issued and outstanding membership interests of Advance, which owned interests in certain oil and natural gas producing properties and undeveloped acreage located primarily in Lea County, New Mexico and Ward County, Texas (the “Advance Acquisition”), for an aggregate purchase price consisting of (i) an amount in cash equal to
