Matador Resources (MTDR) Issues Operational Update

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Go back to Matador Resources (MTDR) Issues Operational Update

Matador Resources Company Provides Operational Update

October 20, 2021 6:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador or the Company) today provided a brief operational update.

In August 2021, Matador began operating a fifth operated drilling rig on behalf of its midstream affiliate, San Mateo Midstream, LLC (San Mateo), for the purpose of drilling an additional salt water disposal well in the Companys Greater Stebbins Area in Eddy County, New Mexico. This new salt water disposal well and the associated facilities are needed and expected to handle additional produced water volumes anticipated as a result of Matadors increased drilling and completions activity... More