Matador Resources (MTDR) Provides Update on 2020 Operational Plan
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Matador Resources Company Provides Update on 2020 Operational Plan
March 11, 2020 6:00 AM EDTDALLAS--(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 Plan
Matador 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... More