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Stock Market & Financial Investment News

News Breaks
July 30, 2014
16:12 EDTMTDRMatador provides operational update at Permian Basin
Matador Resources announced the 24-hour initial potential test results of two of its most recent wells completed in the Permian Basin. In the Wolf prospect area of Loving County, Texas, the Norton Schaub #1H well flowed 1,026 BOE per day, including 706 Bbl of oil per day and 1,922 Mcf of natural gas per day, at 69% oil, at 3,000 pounds per square inch, or psi, surface pressure on a 22/64th inch choke during its 24-hour initial potential test in mid-July 2014. Matador drilled a 4,700-ft horizontal lateral in the Norton Schaub #1H and completed this well with 20 frac stages, including approximately 200K Bbl of fluid and 9.8M pounds of sand. In the Ranger prospect area in Lea County, New Mexico, the Pickard State 20-18-34 #1H well flowed 592 BOE per day, including 535 Bbl of oil per day and 340 Mcf of natural gas per day, at 90% oil, at 750 psi surface pressure on a 22/64th inch choke during its 24-hour initial potential test in late July. Matador began 2014 with approximately 70,800 gross acres in the Permian Basin in Southeast New Mexico and West Texas. Between January 1 and July 30, Matador acquired an additional 23,200 gross acres in this area, primarily in Loving County, Texas and in Lea and Eddy Counties, New Mexico. Including these acreage acquisitions at July 30, Matadorís total Permian Basin acreage position is approximately 94K gross acres.
News For MTDR From The Last 14 Days
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October 14, 2014
16:44 EDTMTDRMatador reaffirms remaining FY14 guidance, still sees FY15 BOE production up 50%
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16:37 EDTMTDRMatador increases FY14 oil production guidance range to 3.2M-3.3M barrels
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16:35 EDTMTDRMatador reports Q3 production up 19% to 1.5 MBOE
Matador Resources provided the following update of its ongoing operations. Matador is pleased to announce its quarterly production results for the three months ended September 30, which were the best quarterly oil equivalent production and quarterly oil production results in the companyís history. Oil equivalent production increased 19% year over year from approximately 1.24 MBOE or an average of about 13,500 BOE per day in 3Q13 to approximately 1.5 MBOE or an average of about 16,100 BOE per day in Q3. Oil equivalent production increased approximately 6% sequentially quarter over quarter from approximately 1.4 MBOE or an average of about 15,400 BOE per day in the second quarter of 2014 and increased 38% from approximately 1.1 MBOE or an average of about 11,900 BOE per day in Q1.
08:43 EDTMTDRMatador upgraded to Accumulate from Hold at KLR Group
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