# Matador Resources Company

> Matador Resources is a Dallas-based independent oil and natural gas producer concentrated in the Delaware Basin of New Mexico and West Texas. It combines acreage acquisitions and horizontal drilling with gas processing, gathering, transportation and produced-water services, including its 51%-owned San Mateo Midstream joint venture. Its customers include commodity purchasers and other energy producers that use its infrastructure.

- **Founded:** 2003
- **Headquarters:** Dallas, United States
- **Founders:** Joseph Wm. Foran (Co-founder, Chairman and Chief Executive Officer), Scott E. King (Co-founder; original Vice President of Exploration)
- **Products:** Oil and natural gas exploration and production, Natural gas gathering and processing, Oil gathering and transportation, Produced-water gathering and disposal
- **Notable:** NYSE-listed under MTDR since February 2, 2012., Started Black River processing plant in 2016 and established San Mateo in 2017., Reported FY2025 average production of 207,070 BOE/day and year-end proved reserves of 667 million BOE.

## Products & services

- **Oil and natural gas exploration and production** — Acquires and develops unconventional resources, principally Wolfcamp and Bone Spring targets in the Delaware Basin, with additional Haynesville and Cotton Valley operations in Louisiana.
- **Natural gas gathering and processing** — San Mateo and wholly-owned infrastructure move and process production for Matador and third parties; San Mateo exceeded 1 Bcf/day of designed processing capacity after Cardinal.
- **Oil gathering and transportation** — Pipeline and transportation services connect production with downstream markets.
- **Produced-water gathering and disposal** — Collects and disposes of water associated with oil and gas production.

## Achievements

- NYSE-listed under MTDR since February 2, 2012.
- Started Black River processing plant in 2016 and established San Mateo in 2017.
- Reported FY2025 average production of 207,070 BOE/day and year-end proved reserves of 667 million BOE.
- San Mateo completed the US$752 million Cardinal acquisition in July 2026.
- Closed Paloma and Ridge Runner acquisitions in October 2026.
- Raised the quarterly dividend to US$0.4375 per share in October 2026.

## Latest updates

- **2026-10** — October 21: increased quarterly dividend 17% to US$0.4375, payable December 4 to holders of record November 10.
- **2026-10** — October 8: closed acquisition of approximately 13,600 net acres from Ridge Runner; combined Woodford position approximately 50,000 net acres. Company plans up to 15 Woodford wells by year-end 2027.
- **2026-10** — October 1: closed Paloma for US$1.255 billion cash, subject to adjustments, adding approximately 16,500 net acres.
- **2026-08** — Reported Q2 average production of 215,631 BOE/day; increased full-year 2026 guidance to 218,500-223,500 BOE/day. Guidance is a forecast.
- **2026-08** — Announced July 31 Cardinal closing; San Mateo financed the acquisition partly with a US$650 million term loan due July 2027.
- **2026-06** — Announced additional Energy Transfer gas supply and NGL arrangements intended to reduce Waha pricing exposure.

## Links

- Website: https://www.matadorresources.com/
- LinkedIn: https://www.linkedin.com/company/matador-resources-company
- Twitter/X: https://twitter.com/Matador_MTDR

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Profile page: https://yespress.io/matador-resources-company
Published by YesPress — https://yespress.io
Last updated: 2026-10-24