In the last issue of Permian Scout, PLS
covered the recent record-setting BLM
lease sale in New Mexico, which brought
in nearly $1 billion. Following our article,
we learned that the high bidder in the sale,
which was represented by
Federal Abstract Co.,
was Matador Resources.
Matador picked up 8,400 gross acres
in the sale for $387 million, or an average
$46,000 per acre.
The acquisition consists of about 2,800
acres in the Stateline area, 4,800 acres in the
Antelope Ridge asset area, 400 acres in the
Arrowhead......
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