Bone Spring Formation

Battalion Oil Corporation Announces First Quarter 2023 Financial and Operating Results

Retrieved on: 
Monday, May 15, 2023
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HOUSTON, May 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the first quarter of 2023.

Key Points: 
  • HOUSTON, May 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the first quarter of 2023.
  • Excluding the impact of hedges, Battalion realized 95% of the average NYMEX oil price during the first quarter of 2023.
  • Lease operating and workover expense was $8.94 per Boe in the first quarter of 2023 versus $9.32 per Boe in the first quarter of 2022.
  • General and administrative expense was $3.53 per Boe in the first quarter of 2023 and $3.75 per Boe in the first quarter of 2022.

Matador Resources Company Reports First Quarter 2023 Financial Results and Provides Operational Update

Retrieved on: 
Tuesday, April 25, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Avalon, Borrowing base, Bone Spring Formation, Bullfighter, Friends, British thermal unit, Antelope, GAAP, Public expenditure, Rodney Robinson, Acquisition, Natural gas, RBL, Growth, BOE, Hand, NYSE, Video game, Potash, Bank, Security (finance), Advance, Delaware Basin

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2023.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2023.
  • Foran, Matador’s Founder, Chairman and CEO, observed, “Our results for the first quarter of 2023 were above our expectations both operationally and financially and constituted a strong start to the year.
  • For additional information regarding our operational and financial results in the first quarter of 2023 and the closing of the Advance acquisition, please see the set of seven slides identified as ‘Chairman’s Remarks’ (Slides A through G) on our website.
  • In addition, we expect to achieve approximately 40% growth in year-over-year oil production in the fourth quarter of 2023 (see Slide F).

Matador Resources Company Announces Strategic Bolt-on Delaware Basin Acquisition

Retrieved on: 
Tuesday, January 24, 2023
Oil, Gas, Energy, Avalon, EnCap, Public expenditure, EnCap Investments, Sewell, Central Time, Hand, Natural gas, PD, LLP, Bone Spring Formation, JPMorgan Chase, NYSE, Acquisition, Friends, Pronto, Adjustment, BOE, British thermal unit, Vinson & Elkins, Borrowing base, Bank, Cryptocurrency, Airline, Potash, Advance, Bullfighter, Delaware Basin

Matador’s management will host a live conference call to discuss the Advance Transaction on Tuesday, January 24, 2023 at 10:00 am Central Time.

Key Points: 
  • Matador’s management will host a live conference call to discuss the Advance Transaction on Tuesday, January 24, 2023 at 10:00 am Central Time.
  • Foran, Matador’s Founder, Chairman and CEO, commented, “Matador is very excited by this strategic bolt-on opportunity as well as the opportunity to work with Advance and EnCap.
  • Matador expects to add future proved reserves and reserves value as a result of the development of these properties going forward.
  • This acquisition also provides us with increased operational scale in the Delaware Basin, which we expect will improve our overall rates of return and unit-of-production costs.

Barnwell Industries, Inc. Reports Year-End and Fourth Quarter Results and Entry into a Permian Basin Oil Investment

Retrieved on: 
Thursday, December 29, 2022
Permian, Bone, National Iranian Oil Company, Medicine, Form 10-K, Barnwell, Bone Spring Formation, Anadarko Basin, NTU, Natural gas, Acquisition, NYSE, Federal Lands Jobs and Energy Security Act, Annual report, Sale, Oil

Our Oklahoma operations generated $3,496,000 or 15% of our oil and natural gas segment revenues for fiscal 2022.

Key Points: 
  • Our Oklahoma operations generated $3,496,000 or 15% of our oil and natural gas segment revenues for fiscal 2022.
  • “Contract drilling operating results also decreased $133,000 due to the completion of a significant drilling contract in the prior year period.
  • The fourth well has been completed and is expected to come online later in our second quarter of fiscal 2023.
  • Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

Matador Resources Company Amends Its Quarterly Cash Dividend Policy to $0.15 Per Share

Retrieved on: 
Tuesday, December 6, 2022
Oil, Gas, Energy, Security (finance), Coronavirus, Eagle Ford, Dallas, Weather, Bullfighter, Natural gas, Annual report, Delaware Basin, Federal Lands Jobs and Energy Security Act, NYSE, Bone Spring Formation, Policy, COVID-19, Acquisition, Holding company, Risk management

Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced that its Board of Directors amended the Companys dividend policy pursuant to which the Company intends to pay cash dividends on its common stock of $0.15 per share per quarter in 2023, which is a 50% increase from its prior policy of $0.10 per share per quarter.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced that its Board of Directors amended the Companys dividend policy pursuant to which the Company intends to pay cash dividends on its common stock of $0.15 per share per quarter in 2023, which is a 50% increase from its prior policy of $0.10 per share per quarter.
  • Foran, Matadors Founder, Chairman and Chief Executive Officer, stated, We are pleased to announce an increase in the Companys dividend policy.
  • Todays announcement of a quarterly cash dividend policy of $0.15 per share is an increase of 50% as compared to Matadors prior quarterly cash dividend policy of $0.10 per share.
  • Matadors Board of Directors adopted its initial dividend policy in February 2021 with a quarterly cash dividend of $0.025 per share, which was doubled in October 2021 to $0.05 per share and doubled again in June 2022 to $0.10 per share.

Matador Resources Company Declares Quarterly Cash Dividend

Retrieved on: 
Monday, October 24, 2022
Alternative Energy, Energy, Utilities, Oil, Gas, Bone Spring Formation, U.S. Securities and Exchange Commission, Federal Lands Jobs and Energy Security Act, SEC, Natural gas, NYSE, Annual report, Security (finance), Program, Coronavirus, Securities Act of 1933, Acquisition, Board, Securities Exchange Act of 1934, Bullfighter, Delaware Basin, Eagle Ford, Dallas, Board of directors, Forward-looking statement, COVID-19, Weather

Matador Resources Company (NYSE: MTDR) (Matador) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on December 1, 2022 to shareholders of record as of November 10, 2022.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on December 1, 2022 to shareholders of record as of November 10, 2022.
  • Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays.
  • Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana.
  • Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact.

Summit Midstream Partners, LP Announces Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin

Retrieved on: 
Monday, October 17, 2022
Permian, Bone Spring Formation, Codell, Kansas, Transport, Conference, Borrowing base, Natural gas, Phillips, Pony Express Pipeline, Adjustment, Delaware Basin, Piceance Basin, RBC Capital Markets, Bend Arch–Fort Worth Basin, LLC, NYSE, Mancos, Colorado, GAAP, TD Securities, TD, Senior, Mesaverde Group, Vinson & Elkins, Southern Star, New, TPH, Prevalence, Growth, NGP, Annual report, Income, Contract, Multimedia, Utica Shale, EBITDA, Trailblazer, U.S. Securities and Exchange Commission, Investor, Partnership, Master limited partnership, DJ, Sterling, Acquisition, PIN, Forward-looking statement, Perella Weinberg Partners, Petroleum, Nightclub, Bank, Oil, Financial adviser, Outrigger

The Outrigger DJ and Sterling DJ consolidated asset portfolio is located in Weld, Morgan, and Logan Counties, Colorado and Cheyenne County, Nebraska.

Key Points: 
  • The Outrigger DJ and Sterling DJ consolidated asset portfolio is located in Weld, Morgan, and Logan Counties, Colorado and Cheyenne County, Nebraska.
  • Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We are excited to announce the expansion of our DJ Basin presence with these strategic bolt-on acquisitions.
  • Volume throughput on the Sterling DJ system is underpinned by acreage dedications, with an estimated 170,000 leased mineral acres attributable to several leading DJ Basin producers.
  • The call can be accessed via teleconference at: Q3 2022 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BI0835fc438bc64ded92d518ca8c8d6f95 ).

Matador Resources Company Announces Date of Third Quarter 2022 Earnings Release

Retrieved on: 
Thursday, October 13, 2022
Oil, Gas, Energy, Eagle Ford, Dallas, NYSE, Bone Spring Formation, Central Time, Delaware Basin, Acquisition, Review, Natural gas, Bullfighter, Petroleum

Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced plans to release third quarter 2022 operational and financial results after the close of trading on Tuesday, October 25, 2022.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced plans to release third quarter 2022 operational and financial results after the close of trading on Tuesday, October 25, 2022.
  • Management will also host a live conference call on Wednesday, October 26, 2022 at 9:00 a.m. Central Time to review third quarter 2022 financial results and operational highlights.
  • To access the live conference call by phone, you can use the following link https://register.vevent.com/register/BIfe50f2205466458585c54e9b056b55c3 and you will be provided with dial in details.
  • To avoid delays, it is recommended that participants dial into the conference call fifteen minutes ahead of the scheduled start time.

Matador Resources Company Announces Upgrades to Corporate Credit Rating and $105 Million in Additional Bond Repurchases

Retrieved on: 
Tuesday, October 4, 2022
Energy, Other Energy, Oil, Gas, Fitch, Bullfighter, Securities Exchange Act of 1934, SEC, Economics, Federal Lands Jobs and Energy Security Act, Weather, CEO, S&P Global, Natural gas, COVID-19, Annual report, Growth, Coronavirus, Delaware Basin, U.S. Securities and Exchange Commission, Policy, Program, Bone Spring Formation, NYSE, Security (finance), Eagle Ford, Dallas, Acquisition, Forward-looking statement, Securities Act of 1933, IDR, Risk management

Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced (1) recent upgrades by Fitch Ratings, Inc. (Fitch) to the Companys corporate credit rating and (2) $105 million in additional purchases of the Companys outstanding senior notes.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced (1) recent upgrades by Fitch Ratings, Inc. (Fitch) to the Companys corporate credit rating and (2) $105 million in additional purchases of the Companys outstanding senior notes.
  • Foran, Matadors Chairman and CEO, commented, We are very pleased to receive Fitchs upgrade to our corporate credit rating.
  • As previously announced, Moodys Investors Service upgraded Matadors corporate family rating from B1 to Ba3 and S&P Global Ratings upgraded Matadors corporate credit rating from B+ to BB-.
  • We have now transitioned in the last 30 days from being a single b company to a double b company across the board.

Matador Resources Company Announces Upgrade to Corporate Credit Rating

Retrieved on: 
Wednesday, September 21, 2022
Oil, Gas, Energy, Securities Exchange Act of 1934, Weather, COVID-19, NYSE, Federal Lands Jobs and Energy Security Act, Acquisition, S&P, Growth, Securities Act of 1933, S&P Global, Forward-looking statement, U.S. Securities and Exchange Commission, Program, CEO, Bone Spring Formation, Annual report, Coronavirus, Delaware Basin, Security (finance), SEC, Natural gas, Bullfighter, Eagle Ford, Dallas, Oil

Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced the recent upgrade by S&P Global Ratings (S&P) to the Companys corporate credit rating.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador or the Company) today announced the recent upgrade by S&P Global Ratings (S&P) to the Companys corporate credit rating.
  • Foran, Matadors Chairman and CEO, commented, We are very pleased with S&Ps upgrade to our corporate credit rating, which was Matadors second such upgrade in as many weeks.
  • As we previously announced, Moodys upgraded Matadors corporate family rating last week from B1 to Ba3.
  • Matador is unquestionably a stronger company, both operationally and financially, than it was two years ago.