Matador Resources (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas properties. Its operations are focused primarily on unconventional, or shale, formations, with oil, natural gas and natural gas liquids among its principal products.
The company’s main exploration and production activities are concentrated in the Delaware Basin, part of the Permian Basin in southeastern New Mexico and West Texas. Matador has also historically held interests in other U.S. oil and natural gas regions, including the Eagle Ford shale play in South Texas.
In addition to its upstream operations, Matador owns and operates midstream assets through its San Mateo Midstream subsidiary. These assets provide services such as natural gas gathering and processing, crude oil gathering, and produced-water gathering, recycling and disposal, supporting Matador’s drilling and production activities as well as those of third-party producers.
Matador Resources was founded in 2003 and is headquartered in Dallas, Texas. Joseph W. Foran, one of the company’s founders, has served as its chairman and chief executive officer. The company’s common stock trades on the New York Stock Exchange under the symbol MTDR.
