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Stock Market & Financial Investment News

News Breaks
July 29, 2014
08:10 EDTMTDRMatador upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Matador to Outperform from Market Perform. The firm cited optimism about the company's near-term and longer term well results as reasons for the upgrade. Target to $32 from $28.
News For MTDR From The Last 14 Days
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April 16, 2015
09:00 EDTMTDRMatador 7M share Spot Secondary priced at $27.60
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April 15, 2015
18:56 EDTMTDROn The Fly: After Hours Movers
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16:15 EDTMTDRMatador files to sell 7M shares of common stock
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April 6, 2015
07:31 EDTMTDRMatador says achieved quarterly production of approx. 2.1M BOE for Q1
Matador achieved record quarterly production of approximately 2.1 million BOE for the first quarter of 2015. Production for the first quarter of 2015 was almost double the 1.1 million BOE produced in the first quarter of 2014 and up about 10% sequentially from 1.9 million BOE produced in the fourth quarter of 2014. First quarter 2015 production was ahead of the Company’s estimates by about 10% as a result of better-than-expected performance from newly completed wells in both the Delaware Basin and the Eagle Ford shale, as well as earlier completion dates on several Eagle Ford wells leading to less shut-in production during the first quarter. For the month of March 2015, Matador’s average daily oil equivalent production increased to approximately 25,000 BOE per day for the first time in the company’s history. In addition, during the last two weeks of March 2015, once the newly completed and temporarily shut-in Eagle Ford wells were placed on production, Matador’s daily oil equivalent production was as high as 29,000 BOE per day and averaged approximately 27,000 BOE per day, including 14,000 barrels of oil per day and 80 million cubic feet of natural gas per day. Matador also announced that the 24-hour initial potential test results from its two most recent completions in the Rustler Breaks prospect area in Eddy County, New Mexico – the Guitar 10-24S-28E RB #202H and the Tiger 14-24S-28E RB #224H wells – which tested two new horizons within the Wolfcamp formation. Based on the encouraging test results, Matador believes it has established commercial production in three Wolfcamp horizons for future development in its Rustler Breaks prospect area and further anticipates that it may soon identify a fourth commercial horizon in this prospect area, the Second Bone Spring, based on both an upcoming Matador test of this formation as well as the results from other operators drilling wells in the Second Bone Spring in the area. Matador estimates that it has approximately 40% of its anticipated oil production and approximately 70% of its anticipated natural gas production hedged for the remainder of 2015.

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