Matador Resources – Oil & Gas 360

Matador Resources Company announces contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC

December 5, 2024

(Oil & Gas 360) – DALLAS–(BUSINESS WIRE)–Dec. 5, 2024– Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has executed a definitive agreement whereby Matador would contribute Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s midstream joint venture (“San Mateo”), for a total implied valuation of Pronto of approximately $600 million. At the closing of the transaction, Matador will receive

Permian producer Matador raises 2024 oil projections to 100,000 bopd

October 24, 2024

(World Oil) – Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth. Dallas-based Matador now plans to produce an average of 98,500 to 101,500 bopd in 2024, a 5% increase from

Shale drilling Ovintiv increases 2024 oil and gas production target on unexpected Permian success

August 1, 2024

World Oil (Bloomberg) – Shale driller Ovintiv Inc. increased its 2024 production target, the second oil and gas company to do so this year. The company expects to pump the equivalent of 570,000 to 580,000 bbl of crude this year, compared with the previous forecast of 545,000 to 575,000, according to a statement. At the mid ranges of those targets,

Matador Resources increases 2024 oil production plans on Permian drilling surprises

July 25, 2024

World Oil (Bloomberg) – Matador Resources Co. plans to pump more oil in 2024 than it originally expected, a sign that wells in the western section of the Permian basin – the most prolific U.S. oil field – are surprising drillers to the upside and bolstering national supply. Through the first six months of the year Matador has already surpassed

Matador Resources increases oil production following “surprise” Permian success in 2023

April 24, 2024

World Oil (Bloomberg) – Matador Resources Co. pumped more oil than expected in the first three months of 2024 at a time when most U.S. producers have pledged flat to moderate production growth this year. Matador also plans to hit the high end of its full-year output expectations, the Dallas-based company said in its earnings report Tuesday. The company’s production

Matador closes $1.6 billion Delaware basin acquisition from EnCap

April 13, 2023

World Oil (WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”). The consideration paid upon the closing of the Advance Transaction

Matador Resources acquires Delaware basin assets for $1.6 billion

January 25, 2023

World Oil (Bloomberg) – Consolidation in the Texas oil patch is gaining momentum this week after Matador Resources Co. agreed to acquire Advance Energy Partners Holdings LLC for about $1.6 billion in cash. This is the largest deal in Matador’s 20-year history. Matador said Advance had an estimated production in the first quarter last year of 24,500 to 25,500 barrels

Matador Resources Company amends its quarterly cash dividend policy to $0.15 per share

December 6, 2022

Oil and Gas 360 DALLAS–(BUSINESS WIRE)–Dec. 6, 2022– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its Board of Directors amended the Company’s dividend policy pursuant to which the Company intends to pay cash dividends on its common stock of $0.15 per share per quarter in 2023, which is a 50% increase from its prior policy of $0.10 per share per quarter.

$2.2-Billion Haynesville Merger Creates New Basin Leader

June 14, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Comstock acquires Covey Park Energy for $2.2 billion Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing to do with football. Rather, it involved Haynesville producer Comstock Resources (stock ticker: CRK), of which Jones is a majority

Matador Resources Increases Midstream Ownership Footprint in Delaware Basin

February 26, 2019

Matador Resources Company Announces Midstream Transaction Expanding San Mateo’s Operations in the Delaware Basin …

Matador Resources Appoints New Board Director

July 31, 2018

Matador Resources Company (NYSE: MTDR) announced the appointment of Mr. Matthew P. Clifton to its Board of Directors. Mr. Clifton retired in November 2017 as Chairman of Holly Logistic Services, L.L.C, a subsidiary of HollyFrontier Corporation and the general partner of Holly Energy Partners, L.P.. HEP is a publicly held master limited partnership that provides petroleum product and crude oil

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