Matador Resources Company (MTDR) said on Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.
CEO Joseph Foran said the acreage is located in the "'core-of-the-core' of the Delaware Basin" and would extend Matador's inventory while improving operating efficiencies and midstream value.
Diamondback Energy (FANG) said on Wednesday that Travis Stice stepped down as executive chairman and became non-executive chairman effective May 20, as part of a leadership transition plan previously announced by the company.
BP (BP.L) said Wednesday the United Steelworkers Local 7-1 union agreed to resume labor negotiations on Friday.The British energy major added that it is looking forward to a "meaningful dialogue" to strike an agreement with union members concerning operations at its Whiting refinery in Indiana, US.