Vinson & Elkins Advises EnCap Portfolio Companies in Asset Sales to Matador

By Daniella Parra

Vinson & Elkins advised EnCap Investments’ portfolio company Paloma Permian LLC on its agreement to sell all of its equity interests to Matador Resources Co. (NYSE: MTDR) including Southeast New Mexico oil and gas assets.

The firm said it also advised EnCap’s Ridge Runner Resources II on its agreement to sell undeveloped Woodford acreage in West Texas and Southeast New Mexico to Matador.

The Vinson & Elkins team was led by Partner Bryan Loocke and Counsel Michael Zarcaro, with assistance from Associates Rivers Stephens, Michael Gassman, Shiyuan Wang, Oscar Miller, and Anthony DeLauro.

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“Matador is excited to announce this catalyst and the expansion of our Delaware Basin asset base with these assets from Paloma, a successful and respected exploration firm in the Permian Basin and other oil and gas areas,” said Joseph Wm. Foran, Matador’s Founder, Chairman and CEO.