Acquisition comes at a time when leading Bakken producers are scaling back expenses.
Deal adds 1.3 MMboe of PDP reserves, but Matador’s capex is down about $350 million from 2014.
The move helps shore up its partner in Russia and increases market share as Halliburton, Baker Hughes merge.
EXXI’s Grand Isle pipeline could fetch $300 million.
In the past six years, Antero has more than quadrupled its net Appalachia acreage to 542,000 acres.
Newfield now sees the operations it marketed in China contributing to company cash flow.