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

November 13, 2023 4:15 PM EST

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced initial production results from its 21 Margarita wells that were acquired in connection with the purchase of Advance Energy Partners Holdings, LLC (Advance) in April 2023. In addition, Matador is pleased to announce that the lenders under San Mateo Midstream, LLCs (San Mateo) revolving credit facility have increased their commitments by $50 million from $485 million to $535 million.

Initial Well Results 21 Advance Wells

Matadors record production of over 135,000 barrels of oil equivalent (BOE) per day during the third quarter of 2023 was driven in... More