Matador Resources Company announces sale of Eagle Ford assets
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
Matador Resources Company has announced the sale of its remaining Eagle Ford shale position in South Texas.
Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Matador is pleased to announce that we recently sold our two remaining acreage and production positions in the Eagle Ford shale in La Salle, Karnes and Atascosa Counties in South Texas in a series of transactions. Over the last two quarters, Matador received proceeds of over US$30 million from these sale transactions. The Eagle Ford shale has been a productive asset for Matador and was the steppingstone for Matador as it gained experience and built its acreage position in the Delaware Basin.
“Matador is excited to continue its primary focus on developing its high-quality acreage in the northern Delaware Basin, which Matador believes is recognised as the most prolific basin in the United States and where Matador owns approximately 200 000 net acres, approximately 80% of which is held by production.”
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/07042025/matador-resources-company-announces-sale-of-eagle-ford-assets/
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