Matador Resources Company Provides Update on 2020 Operational Plan
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 provided a brief update on its 2020 operational plan in response to the recent sharp decline in oil prices.Updated 2020 Operational PlanMatador expects to take the following actions over the next several months to reduce its capital spending and protect its balance sheet.Reduce its operated drilling program from six rigs to three rigs before June 30, 2020. Matador expects to release one of its six operated rigs by the end of March 2020 and expects to release two of its remaining five rigs before the end of the second quarter of 2020, after which Matador expects to operate three rigs for the remainder of the year.Reduce its unit operating costs, particularly targeting lease operating (LOE) and general and administrative (G&A) expenses.Continue to pursue divestitures of portions of its non-core assets, including possible sales of leasehold and mineral interests in South Texas and in th
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Earnings
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Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K/A
- 11/7/24 - Form SC
- MTDR's page on the SEC website