Matador Resources

Website

Address

5400 LBJ Freeway, Suite 1500
Dallas, Texas 75240 USA

Phone

(972) 371-5200

Company Description

Matador Resources Company’s focus is to create a risk balanced portfolio of exploration opportunities for oil and natural gas in unconventional resource plays, supplemented with exploration for more conventional targets.

Matador Resources ranks #24 in wells drilled in 2023 with 116 wells drilled in the US

Recent News

Matador Resources trimmed its 2025 drilling plans by dropping one rig and cutting capex by $100 million, citing weaker commodity prices, though Q1 2025 production still beat expectations at 198,600 boe/d. Industry-wide, Q1 drilling rose 13.9% year-over-year, with strong rig utilization from Patterson and a shift in activity from Eddy to Lea County, NM. Despite market uncertainty, Matador launched a $400M share buyback and maintains flexibility to scale operations based on future conditions.

Operations

Matador Resources Delaware Basin Operations

Lea County, NM ranks #1 in the state for BOE produced in the most recent month (Oct 2022).

Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Oct 2022).

Loving County, TX ranks #4 in the state for BOE produced in the most recent month (Aug 2022).

Delaware Basin is a hydrocarbon rich sedimentary basin that lies within the Permian Basin.