Hedging | Capital Markets
Matador Adds to Hedge Book for 2016, 2017
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Matador Resources Company has added to its oil and natural gas hedges since its February 24, 2016 earnings release.
At April 5, 2016, based on the midpoint of its current oil production guidance, Matador has about 52% of its estimated oil production hedged for the remainder of 2016 at a weighted average floor price of $44 per barrel and a weighted average ceiling price of $66 per barrel. Similarly, based on the midpoint of its current natural gas production guidance, Matador has about 44% of its estimated natural gas production hedged for the remainder of 2016 at a weighted average floor price of $2.63 per million British Thermal Unit and a weighted average ceiling price of $3.58 per MMBtu.
Further, Matador has entered into additional 2017 oil and natural gas costless collar contracts…
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