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Matador Resources Reports Q4 2019 Results

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Matador Resources Reports Q4 2019 Results

Matador Resources Co. reported financial and operating results for the fourth quarter and full year 2019. 

Fourth Quarter and Full-Year 2019 Highlights

Joseph Wm. Foran, Matador's Chairman and CEO, commented, "As highlighted throughout this earnings release, both the fourth quarter of 2019 and full year 2019 were simply the best in Matador's history. During this past year, Matador meaningfully increased its oil and natural gas production and proved oil and natural gas reserves to all-time highs, maintained its focus on improving operational and capital efficiencies and continued to grow and increase its cash flows. At the same time, Matador reduced its capital expenditures for drilling, completing and equipping wells while keeping its unit operating costs flat as compared to 2018. In…

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