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Matador Resources Co (MTDR.N)

MTDR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Matador Resources Q2 adjusted non-gaap loss per share $0.01 excluding items
Wednesday, 3 Aug 2016 04:15pm EDT 

Matador Resources Co : Q2 gaap loss per share $1.15 . Q2 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S . Matador resources company reports second quarter 2016 results . Q2 adjusted non-gaap loss per share $0.01 excluding items . Oil production is expected to increase by 6 to 7% in q3 and by approximately same amount again in q4 of 2016 . Natural gas production is expected to decline by about 8 to 9% in q3 and then by another 4 to 5% in q4 of 2016 . Qtrly average daily production of approximately 28,000 barrels of oil equivalent ("boe") per day, an increase of 18% sequentially . Has ample liquidity to continue its three-rig drilling program in delaware basin for remainder of 2016 and 2017 .Total oil equivalent production expected to remain relatively flat to q2 2016 production volumes during remaining two qtrs of 2016.  Full Article

Matador Resources Co gives FY 2016 production and EBITDA guidance
Wednesday, 3 Feb 2016 06:00am EST 

Matador Resources Co:Expects FY 2016 oil production guidance of 4.9 to 5.1 million barrels.Expect FY 2016 adjusted EBITDA guidance of $120 to $130 million.  Full Article

Matador Resources Company announces closing of sale of Loving County Gas Gathering and Processing Assets
Thursday, 1 Oct 2015 11:09am EDT 

Matador Resources Company:Previously announced sale of its wholly-owned subsidiary that owns certain natural gas gathering and processing assets in the Delaware Basin in Loving County, Texas, to a subsidiary of EnLink Midstream Partners, LP.Pursuant to the terms of the transaction, a subsidiary of EnLink paid Matador consideration of approximately $143 million excluding customary purchase price adjustments.In conjunction with the sale of the Loving County System, Matador is dedicating its current leasehold interests in Loving County pursuant to a 15-year, fixed-fee gathering and processing agreement and providing a volume commitment in exchange for priority one service.  Full Article

Matador Resources Co announces agreement for sale of loving county gas gathering and processing assets
Tuesday, 15 Sep 2015 04:01pm EDT 

Matador Resources Co:Matador Resources Company announces agreement for sale of loving county gas gathering and processing assets for $143 million.In conjunction with sale of loving county system, Matador will dedicate leasehold interests in loving county pursuant to 15-year, fixed-fee.Upon closing, Matador expects to have over $500 million in liquidity including nothing drawn against its revolving credit facility.Says sale of loving county gas gathering and processing assets to a subsidiary of EnLink Midstream Partners.  Full Article

Matador Resources Co raises FY 2015 production guidance
Tuesday, 4 Aug 2015 04:01pm EDT 

Matador Resources Co:Increases FY 2015 estimated oil production from 4.1 to 4.3 million barrels to 4.4 to 4.5 million barrels.Increases FY 2015 estimated natural gas production from 24.0 to 26.0 billion cubic feet to 26.0 to 27.0 billion cubic feet.Increased FY 2015 estimated oil and natural gas revenues from $270 to $290 million to $290 to $300 million.Increased FY 2015 estimated Adjusted EBITDA from $200 to $220 million to $220 to $230 million.  Full Article

Matador Resources Co raises FY 2015 production guidance - Conference call
Thursday, 7 May 2015 10:00am EDT 

Matador Resources Co:Increases FY 2015 oil production guidance from 4.0 million to 4.2 million to 4.1 million to 4.3 million barrels.  Full Article

Matador Resources Co prices public offering of common stock
Thursday, 16 Apr 2015 09:10am EDT 

Matador Resources Co:Prices underwritten public offering of 7,000,000 shares of common stock.Says total estimated proceeds of offering, before estimated offering expenses, are about $189 million.Offering is expected to close on April 21.Says to use net proceeds to repay outstanding borrowings under revolving credit facility, to fund a portion of its future capital expenditures, including possible addition of a third drilling rig in the Permian Basin in next six to nine months.Also to use net proceeds for targeted acquisitions of additional acreage in Permian Basin, as well as in Eagle Ford shale and Haynesville shale, and for other general working capital needs.Says pending such uses, intends to invest the funds in short-term marketable securities or apply them to reduction of other short-term indebtedness.RBC Capital Markets is acting as the sole underwriter of the offering.  Full Article

Matador Resources Company announces commencement of public offering of common stock
Wednesday, 15 Apr 2015 04:13pm EDT 

Matador Resources Company:Commences an underwritten public offering of 7,000,000 shares of its common stock.Intends to use the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility, to fund a portion of its future capital expenditures.RBC Capital Markets is acting as the sole underwriter of the offering.  Full Article

Matador Resources Co prices offering of $400 million of senior notes due 2023
Thursday, 9 Apr 2015 06:02pm EDT 

Matador Resources Co:Prices a private offering of $400 mln of 6.875 pct senior unsecured notes due 2023.Notes will be issued at pa.Matador increased the size of the offering from the previously announced $350 million to $400 million.Offering is expected to close on April 14.Intends to use net proceeds from the offering primarily to repay a portion of the outstanding borrowings under its revolving credit facility and the debt assumed in connection with the merger of Harvey E. Yates Company ("HEYCO") with and into Matador's wholly-owned subsidiary.Also uses to fund a portion of its future capital expenditures and for other general working capital needs.  Full Article

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BRIEF-Matador Resources updates 2017 guidance

* Matador's 2017 capital investment plans remain same as previously disclosed on February 22, 2017