Matador added producing oil and gas properties and undeveloped acreage, but paid about $1.255 billion in cash. The filing gives no expected output or profit from the assets, so the purchase alone does not show a clear change in its outlook.
The acquired properties add producing oil and gas assets and undeveloped land. Matador also paid cash, and the filing gives no expected output or profit from the assets. Those facts do not show a clear change in the company’s outlook.
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