Tuesday, April 29, 2014 9:23:10 AM
Executing on its strong strategic focus, Dallas-based Matador was able to boost its oil and natural-gas revenue 72% to $269 million last year, and it expects to boost oil production around 40% this year after 76% last year.
Matador considers it a very promising area to drill, as company founder and CEO Joseph Foran described on a fourth-quarter 2013 conference call with analysts: "Not only do we consider this one of the best resource plays in the country, along with Eagle Ford (Shale Region)," he said, "but we consider the large majority of our acreage to be prospecting for multiple oil- and liquids-rich targets, including Wolfcamp and Bone Spring plays."
Read More At Investor's Business Daily: http://news.investors.com/business-the-new-america/042814-698703-matador-resources-oil-natural-gas-driller-gains.htm#ixzz30HVowpzk
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