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News Breaks
September 27, 2012
07:26 EDTMTDRMatador Resources provides operational update
Matador Resources provided an update on various aspects of its operations. Matador announced that its partner in the Gracie Prospect has agreed to fund 100% of the next $9M of additional exploration and leasehold renewal expenses, in order to acquire 50% of the interest in this prospect, including paying these monies toward a horizontal test of the Meade Peak shale that is scheduled to be drilled later this year in Southwest Wyoming. The test well will be a horizontal lateral drilled out of the Crawford Federal #1 vertical wellbore that was drilled and cored through the Meade Peak shale and then suspended in December 2011 for extensive whole core and petrophysical evaluation. At June 30, 2012, the Company had 107,122 gross and 100,670 net acres prospective for the Meade Peak shale in Southeast Idaho, Southwest Wyoming and Northeast Utah. The company said it is continuing to build its acreage position in the Delaware Basin for the Wolfcamp, Bone Spring and other plays. In August 2012, the company acquired 4,900 gross and 2,900 net acres in the heart of the “Wolfbone” play in Loving County, Texas. Including its existing leasehold interest in the Delaware Basin, Matador now has approximately 5,000 net acres prospective for these and other plays in West Texas and Southeast New Mexico. The Company expects to begin testing this acreage in early 2013. Matador added that it has received written commitments from five banks, including two new lenders, to join its bank group and expects to close an amended and restated credit agreement that will increase its borrowing capacity to $200M from its current borrowing base of $125M based on its June 30, 2012 oil and natural gas reserves estimates.
News For MTDR From The Last 14 Days
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December 8, 2014
17:54 EDTMTDRMatador expects to produce in excess of 1M barrels of oil in Q4
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17:41 EDTMTDRMatador provides operational update
Matador Resources is pleased to provide the following update of its ongoing operations. As previously announced, Matador plans to host a live conference call for its shareholders on Tuesday, December 9, at 9:00 a.m. CST. The purpose of this call is to provide Matador’s shareholders with an update on the company’s fourth quarter performance to date, answer questions from shareholders, and discuss the company’s outlook for the remainder of 2014 and for 2015 with Joe Foran, Chairman and CEO, and other members of Matador’s senior management team in light of the recent decline in West Texas Intermediate oil prices below $70 per barrel. The company is studying its planned 2015 capital investment program in light of this recent decline in oil prices, but does not plan to provide specific 2015 guidance during this conference call. The company intends to provide specific 2015 guidance at its upcoming Analyst Day scheduled for January 15, 2015 in Dallas, Texas.
December 3, 2014
06:44 EDTMTDRMatador to host business news update conference call
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