Matador Resources Company Announces Borrowing Base Affirmation and San Mateo Credit Facility Increase
Matador Resources Company (MTDR)
Last matador resources company earnings: 4/29 04:15 pm
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the affirmation of the borrowing base under its reserves-based credit facility at $900 million, as well as a $50 million increase to the San Mateo Midstream, LLC (“San Mateo”) credit facility from $325 million to $375 million. San Mateo is the Company’s midstream joint venture owned 51% by Matador and 49% by Five Point Energy.As part of the fall 2019 redetermination process, Matador’s lenders recently completed their review of the Company’s proved oil and natural gas reserves at June 30, 2019. As a result, Matador’s borrowing base under its reserves-based credit facility was affirmed by its lenders at $900 million, despite lower commodity pricing assumptions being used generally by the lenders in the fall redetermination process. The borrowing base affirmation reflects the lenders’ confidence in the underlying oil and natural gas reserves backing the credit facility and in
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- 11/12/24 - Form SC
- 11/7/24 - Form 8-K/A
- 11/7/24 - Form SC
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