Replies to post #94 on Matador Resources Company (MTDR)

[56Chevy]

Matador Resources reports record quarterly production

Apr 6 2015, 11:32 ET

- Matador Resources (MTDR +10.1%) says it achieved record quarterly production of ~2.1M boe during Q1, nearly double the 1.1M boe produced in the year-ago quarter and up ~10% from 1.9M boe produced in Q4 2014.

- MTDR attributes the strong result to newly completed wells in both the Delaware Basin and the Eagle Ford shale, as well as earlier completion dates on several Eagle Ford wells leading to less shut-in production during Q1.

- MTDR says production during March averaged ~25K boe/day for the first time in the company's history, and reached as high as 29K boe/day during the final two weeks.

http://seekingalpha.com/news/2410976-matador-resources-reports-record-quarterly-production

*Although normally good this news of record production is further evidence that despite the drastic lowering in the number of domestic rig counts in the last 6 months many E&P's continue to produce record numbers of BBL/day. Until this trend reverses, and or demand greatly increases, the price for WTI crude will remain under pressure ...and very volatile imo.

Storage is becoming a growing issue as well. Where do you put all this oil?? Got tank!

Marker:
Matador Resources Co (MTDR)
$28.92 up 1.42 (5.16%)
Volume: 1,151,060

[56Chevy]

CL\M15 light sweet crude $59.96

Marker:
Matador Resources Co (MTDR)
$25.86 down .10 -(0.39%)
Volume: 479,105

*MTDR had a public offering of 7MM shares in April that raised $187.1MM dollars.