Matador Resources sells remaining Eagle Ford shale assets for $30m

Matador Resources has completed the merchantability of its remaining acreage and accumulation positions successful the Eagle Ford shale, located successful La Salle, Karnes and Atascosa counties successful southbound Texas, US.

This divestiture, completed done a bid of transactions, has generated proceeds exceeding $30m.

The Eagle Ford shale has been a important plus for Matador, serving arsenic a instauration for its maturation successful the Delaware Basin.

The institution utilized a information of its currency flows and the $30m proceeds from the Eagle Ford merchantability to trim borrowings nether its recognition facility.

In the archetypal 4th of 2025 (Q1 2025), Matador repaid $180m of its borrowings, ending the 4th with $405m outstanding.

Based connected preliminary results, the expected leverage ratio is 1 times oregon little arsenic of 31 March 2025.

Matador founder, president and CEO Joseph Wm. Foran said: “Matador is excited to proceed its superior absorption connected processing its high-quality acreage successful the bluish Delaware Basin, which Matador believes is recognised arsenic the astir prolific basin successful the United States and wherever Matador owns astir 200,000 nett acres, astir 80% of which is held by production.”

Matador concluded Q1 2025 successful its "strongest" fiscal presumption to date, with astir $1.8bn successful liquidity.

The institution said it has taken precautionary actions to fortify its equilibrium sheet, including entering further hedges and selling non-core assets.

Matador has besides structured its rig contracts to accommodate rapidly to marketplace conditions.

Anticipating an summation successful alloy prices owed to caller tariffs, Matador has secured inventory for astir of its 2025 drilling programme.

The institution does not expect these tariffs to interaction good costs until the 2nd fractional of 2025.

These measures person helped Matador minimise the interaction of caller commodity terms volatility connected its operations.

In December 2024, Matador completed an statement announced earlier the aforesaid period to lend Pronto Midstream, its wholly owned subsidiary, to San Mateo Midstream, a associated task successful which Matador holds a 51% stake.

The pre-closing valuation of Pronto was astir $600m, and the transaction accrued San Mateo's full estimated plus worth to much than $1.5bn nett to Matador.

"Matador Resources sells remaining Eagle Ford shale assets for $30m" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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