Key Developments: Matador Resources Co (MTDR.N)
9.60USD
17 May 2013
$0.04 (+0.42%)
$9.56
$9.59
$9.72
$9.46
30,325
55,260
$11.50
$7.58
Latest Key Developments (Source: Significant Developments)
Matador Resources Co Raises FY 2013 Guidance; Raises FY 2013 Oil Production Guidance; Reaffirms FY 2013 Gas Production Guidance
Matador Resources Co announced that for fiscal 2013, it expects revenues of $220 to $240 million and EBITDA of $155 to $175 million. The Company also expects an increase in estimated total oil production from 1.6 to 1.8 million Bbl to 1.8 to 2.0 million Bbl and no change in estimated natural gas production of 11.0 to 12.0 billion cubic feet. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $234 million and EBITDA of $162 million for fiscal 2013. Full Article
Matador Resources Co Updates FY 2013 Guidance Below Analysts' Estimates-Conference Call
Matador Resources Co announced that for fiscal 2013, it expects revenues growing to over $200 million and EBITDA at the midpoint of the range is $150 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $231million and EBITDA of $159 million for fiscal 2013. Full Article
Matador Resources Co Announces Acreage Acquisition
Matador Resources Co announced that in March and April 2013, the Company acquired approximately 9,617 gross and 7,446 net acres in Lea and Eddy Counties, New Mexico for approximately $11.3 million. This acquisition effectively doubles Matador's existing leasehold interests in the Delaware Basin giving Matador a total of 25,477 gross and 15,117 net acres in Southeast New Mexico and West Texas. The Company considers approximately 17,795 gross and 13,049 net acres to be prospective for the Wolfcamp, Bone Spring and other oil and liquids-rich targets. The Company expects to begin testing this acreage beginning in late April. Full Article
Matador Resources Co Reaffirms FY 2013 Production Guidance; Reaffirms FY 2013 Guidance
Matador Resources Co reaffirmed its fiscal 2013 guidance and expects total oil production of 1.6 to 1.8 million Bbl, total natural gas production of 11.0 to 12.0 billion cubic feet, oil and natural gas revenues of $200 to $220 million and adjusted EBITDA of $140 to $160 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $208 million and EBITDA of $145 million for fiscal 2013. Full Article
Matador Resources Co Revises FY 2013 Production Guidance
Matador Resources Co announced that for fiscal 2013, in which it expects to grow oil production by 40% to approximately 1.7 million barrels of oil. Full Article
Matador Resources Co Issues FY 2013 Production Guidance
Matador Resources Co announced that for fiscal 2013, it expects 1.6 to 1.8 million barrels of oil production, 11 to 12 Bcf of natural gas production. Full Article
Matador Resources Co's MRC Energy Company Increases Credit Facility
Matador Resources Co announced that MRC Energy Company, a wholly-owned subsidiary of the Company, closed an amended and restated senior secured revolving credit agreement (the "Credit Agreement") on September 28, 2012. Under the Credit Agreement, the borrowing base was increased to $200 million, up from the previous borrowing base of $125 million. The amendment increased the maximum facility size from $400 million to $500 million and named Royal Bank of Canada as Administrative Agent. The Credit Agreement matures in December 2016. The Company plans to use the increased borrowing capacity along with its operating cash flows for working capital and general corporate purposes and, in particular, to continue to execute its Eagle Ford drilling program in South Texas. Full Article
Matador Resources Co Revises FY 2012 Production Guidance
Matador Resources Co announced that it is revising its expected fiscal 2012 annual oil production downward to 1.2-1.4 million barrels from its previous guidance of 1.4-1.5 million barrels. Matador reaffirmed its previous fiscal 2012 guidance of an estimated exit rate for oil production of 5,000-5,500 Bbl per day and estimated total natural gas production of 12.5-13.5 billion cubic feet. Full Article
Matador Resources Company Affirms FY 2012 Production Guidance
Matador Resources Company affirmed its fiscal 2012 guidance, estimated total oil production of 1.4 to 1.5 million Bbl, estimated exit rate for oil production of 5,000 to 5,500 Bbl per day and estimated total natural gas production of 12.5 to 13.5 billion cubic feet. Full Article
Matador Resources Company Reaffirms FY 2012 Production Guidance-Conference Call
Matador Resources Company reaffirmed fiscal 2012 guidance and expects total oil production of 1.4-1.5 million barrels with an estimated exit rate between 5,000 and 5,500 barrels per day and total natural gas production of 12.5-13.5 billion cubic feet. Full Article
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