32 stories mentioning MTDRUpdated 3d ago
Every FINWIRES story that references MTDR, newest first.
Matador Resources (MTDR) has an average rating of buy and mean price target of $70.38, according to analysts polled by FactSet.Price: $50.06, Change: $-0.76, Percent Change: -1.49%
Matador Resources Company (MTDR) agreed to acquire Paloma Permian for $1.275 billion and signed a separate deal for Ridge Runner acreage, expanding its Delaware Basin position, the company said Thursday.Matador's wholly owned subsidiary signed a definitive agreement to buy Paloma Permian, an EnCap Investments portfolio company.The $1.275 billion cash acquisition includes 16,235 net undeveloped acres and producing assets in Eddy and Lea counties, New Mexico, with estimated third-quarter output of about 11,100 barrels of oil equivalent per day, including 57% oil.Matador expects to complete the acquisition in the fourth quarter of 2026, it said.Separately, Matador agreed to acquire primarily undeveloped acreage from Ridge Runner Resources II, another EnCap-backed company, in the core of the Woodford play across West Texas and Southeast New Mexico.The Ridge Runner deal, together with earlier land purchases, will expand Matador's Woodford position to about 50,000 contiguous undeveloped net acres, primarily around Antelope Ridge in Lea County, New Mexico, and West Texas.The Paloma and Ridge Runner acquisitions together will expand Matador's Delaware Basin footprint to about 240,000 net acres, strengthening its long-term development inventory, the company said.Matador also announced successful results from its first Woodford exploration well in Southeast Lea County, New Mexico. The Rae's Creek well produced more than 2,200 boe/d during its official 24-hour test on June 29, 2026.Oil accounted for 72% of the Rae's Creek well's initial production. The well continues to outperform the average Texas Woodford well by about 20% on a 60-day cumulative oil production basis, the company said.Matador said the Rae's Creek results validate the commercial potential of the Woodford formation in this part of the Delaware Basin.
Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index shed 0.1%, and the Dow Jones US Utilities Index increased 0.5%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 5.8% to $91.90 a barrel, and global benchmark Brent surged 6.7% to $100.37. Henry Hub natural gas futures decreased 0.6% to $2.91 per 1 million BTU.In sector news, US natural gas stocks rose by 32 billion cubic feet in the week ended July 17, a smaller increase than the 34-billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 41 billion cubic feet in the previous week.In corporate news, TotalEnergies (TTE) shares rose 1.6% after it reported stronger-than-expected Q2 adjusted earnings and revenue.Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Eni shares added 1.8%.Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 5.6%.Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note. RBC upgraded the stock's rating to sector perform from underperform. Equinor shares climbed 3%.
Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index climbed 0.4%, and the Dow Jones US Utilities Index increased 0.2%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 6.6% to $92.52 a barrel, and global benchmark Brent surged 7.3% to $100.91. Henry Hub natural gas futures rose 0.3% to $2.93 per 1 million BTU.In sector news, US natural gas stocks rose by 32 billion cubic feet in the week ended July 17, a smaller increase than the 34-billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 41 billion cubic feet in the previous week.In corporate news, Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Eni shares rose 2.1%.Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 4.6%.Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note. RBC upgraded the stock's rating to sector perform from underperform. Equinor shares rose 3.7%.
Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index climbed 0.4%, and the Dow Jones US Utilities Index increased 0.2%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 6.6% to $92.52 a barrel, and global benchmark Brent surged 7.3% to $100.91. Henry Hub natural gas futures rose 0.3% to $2.93 per 1 million BTU.In corporate news, Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 4.9%.
Matador Resources (MTDR) said Thursday that its wholly owned subsidiary signed a definitive agreement to acquire Paloma Permian, an EnCap portfolio company, for $1.28 billion.The acquisition, expected to close in Q4, includes 16,235 net undeveloped acres in Eddy and Lea Counties, New Mexico, and estimated Q3 production of about 11,100 barrels of oil equivalent per day.Additionally, the company said it agreed to acquire primarily undeveloped acreage in the Woodford play in West Texas and Southeast New Mexico from Ridge Runner Resources II, another EnCap portfolio company.Matador said it expects to fund the acquisitions with cash on hand and borrowings under its existing reserve-based lending credit facility.The company also reported results from its Rae's Creek exploratory Woodford well in Southeast Lea County, New Mexico, with initial production exceeding 2,200 barrels of oil equivalent per day.Shares of Matador were down 1.6% in Thursday trading.Price: $54.13, Change: $-0.86, Percent Change: -1.56%
Higher oil prices earlier this year prompted Permian Basin producers to boost oil output, generating more byproduct natural gas than pipelines could handle and forcing companies to pay buyers to take the gas, according to a report from The Wall Street Journal on Wednesday.First-half Permian gas prices averaged negative $2.19 per million British thermal units, while Diamondback Energy (FANG) said its gas sales averaged negative $2.15 per thousand cubic feet during the second quarter despite strong oil prices, and Devon Energy (DVN) and APA (APA) curtailed output.Some companies have instead looked for ways to use more gas within the basin. Matador Resources (MTDR) has expanded the use of its own gas to power drilling operations, while Chevron (CVX) plans to build a gas-fired power plant in West Texas to supply electricity to a nearby Microsoft data center.Diamondback Energy, Devon Energy, APA, Matador Resources, and Chevron did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)Price: $204.44, Change: $+4.64, Percent Change: +2.32%
Matador Resources (MTDR) has an average rating of buy and mean price target of $70.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $53.56, Change: $+0.09, Percent Change: +0.18%
Shares of US oil and gas producers gained over the past week as renewed tensions between Israel and Iran pushed crude prices higher ahead of the Q2 earnings season, RBC Capital Markets analyst Scott Hanold said in a Thursday note.Oil prices climbed to around $80 per barrel for the US benchmark West Texas Intermediate after US President Donald Trump pledged further action against Iran following renewed military strikes.The renewed geopolitical tensions came as the US Strategic Petroleum Reserve fell for the consecutive week to 316.5 million barrels, while inventories at the Cushing, Oklahoma, delivery hub rose above the 20-million-barrel level considered the minimum for efficient operations.Despite the jump in oil prices, trading activity across energy markets remained subdued, Hanold said.Oil-focused exploration and production companies outperformed their natural gas peers over the past week. Shares of oil-weighted producers rose about 3%, while gas-focused companies slipped 1%.The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) gained 4% as crude prices rose about 10%, while US natural gas benchmark Henry Hub prices fell 4%.Investor attention is now shifting toward the upcoming US exploration and production earnings season, with analysts reporting increased discussions around company strategy and capital allocation after limited interest from generalist investors during much of the second quarter.Among the companies drawing the most attention are Expand Energy (EXE), where investors are awaiting the appointment of a new chief executive and Devon Energy (DVN) over potential asset sales.Other companies include EOG Resources' (EOG) exploration activities in the UAE, Matador Resources' (MTDR) efforts to unlock value from its midstream assets, California Resources' (CRC) strategic initiatives, and EQT's (EQT) growth plans.Analysts said investors are also focused on the potential for mergers and acquisitions, free cash flow allocation and the outlook for US natural gas markets, with EOG, Matador, SM Energy (SM) and EQT emerging as favored names heading into earnings.Price: $168.11, Change: $+1.67, Percent Change: +1.00%
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index decreasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.4%.The Philadelphia Oil Service Sector Index was falling 1.3%, and the Dow Jones US Utilities Index decreased 0.8%.Front-month West Texas Intermediate crude oil rose 1.7% to $70.42 a barrel, and the global benchmark Brent crude contract added 1.1% to $72.79 a barrel. Henry Hub natural gas futures fell 3.1% to $3.18 per 1 million BTU.In corporate news, SandRidge Energy (SD) shares rose 1.9% after it said Monday it agreed to acquire some producing assets and leasehold interests in the Cherokee play in the mid-continent region for $65 million in cash.Duke Energy (DUK) entered a settlement agreement with the US Department of the Interior to provide reliable energy at lower costs to customers in the Carolinas, the Department of the Interior said Monday. Duke Energy shares were down 0.1%.Matador Resources' (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash. Matador shares declined 0.5%.Ring Energy (REI) has joined the Russell 3000 Index, effective when the US market opens on Monday, as part of the Russell indexes reconstitution, the company said on the same day. Ring Energy shares gained 3.3%.
Energy stocks advanced Monday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.4%.The Philadelphia Oil Service Sector Index was shedding 0.8%, and the Dow Jones US Utilities Index decreased 0.6%.Front-month West Texas Intermediate crude oil rose 2.4% to $70.92 a barrel, and the global benchmark Brent crude contract added 1.8% to $73.31 a barrel. Henry Hub natural gas futures fell 2.9% to $3.18 per 1 million BTU.In sector news, President Donald Trump said the US will meet with Iran in Doha, Qatar, on Tuesday, after US officials said both sides agreed to "stand down for now" and that negotiations remained on track following strikes over the weekend, CNN reported Monday, adding that Iran has not confirmed that talks will take place.In corporate news, Matador Resources' (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash. Matador shares rose 0.6%.Kolibri Global Energy (KGEI) shares jumped 7% after the firm said it expects revenue of $78 million to $84 million for its 2026 base forecast, assuming a $70 oil price for the rest of the year.Williams Companies (WMB) a natural gas processing infrastructure enterprise, may buy peer pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg reported Sunday. Williams shares were down 3.7%.
Energy stocks advanced Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding about 0.2%.The Philadelphia Oil Service Sector Index was shedding 0.8%, and the Dow Jones US Utilities Index decreased 0.6%.Front-month West Texas Intermediate crude oil rose 2.4% to $70.92 a barrel, and the global benchmark Brent crude contract added 1.8% to $73.31 a barrel. Henry Hub natural gas futures fell 2.9% to $3.18 per 1 million BTU.In corporate news, Matador Resources' (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash. Matador shares rose 1%.
San Mateo Midstream, a joint venture between Matador Resources (MTDR) and Five Point Infrastructure, will acquire the operating subsidiaries of Cardinal Midstream Partners for $752 million, expanding its Delaware Basin footprint, the companies said on Monday.Cardinal, a portfolio company of EnCap Flatrock Midstream, said the agreement includes the acquisition of its Delaware Basin and New Mexico units.The midstream assets include a natural gas processing plant in Texas and gathering pipelines spanning nearly 150 miles in West Texas and New Mexico.San Mateo said the deal, once finalized on or before July 31, will increase its natural gas processing capacity to more than one billion cubic feet per day and expand its gathering system to at least 800 miles.It will fund the acquisition through a loan of up to $650 million, cash on hand, and capital contributions.Matador expects the deal to be "cash neutral" for the company, as it will use the proceeds to fund any required contributions to San Mateo.Price: $50.74, Change: $+0.99, Percent Change: +1.99%
Energy stocks were edging higher pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.The United States Oil Fund (USO) was up 1% and the United States Natural Gas Fund (UNG) was 3.4% lower.Front-month US West Texas Intermediate crude oil was 1.1% higher at $69.96 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.6% to $72.40 per barrel, and natural gas futures were down 2.8% at $3.19 per 1 million British Thermal Units.Eni (E) has started enhanced gas production off the coast of Libya, in partnership with Libyan National Oil, the Italian integrated energy producer said. Shares of Eni were up more than 1% premarket.Matador Resources (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash, the company said. Matador Resources stock was up more than 1% pre-bell.Williams (WMB) may buy peer pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg reported, citing unnamed people familiar with the matter. Shares of Williams were marginally declining premarket.
Matador Resources Company (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash, the company said Monday.The transaction is expected to close on or before July 31.Matador Resources holds a 51% stake in San Mateo Midstream, with Five Point Infrastructure holding the rest, the company said.Cardinal's midstream assets complement San Mateo's existing natural gas gathering and processing system and give it the ability to move natural gas more easily in southeast New Mexico and West Texas, the company said.The assets include a cryogenic natural gas processing plant complex in Texas and around 145 miles of low-pressure and high-pressure natural gas pipelines located in Texas and New Mexico, the company said.San Mateo expects to finance the acquisition partly through a new term loan of up to $650 million under its existing credit facility, the company said.Matador shares were up 1.2% in recent premarket trading.
Matador Resources (MTDR) shares rose 1.7% in Monday trading after Roth Capital Partners upgraded the stock to buy from neutral.Intraday volume topped 1.09 million shares, compared with the daily average of about 1.75 million.Price: $50.40, Change: $+0.84, Percent Change: +1.69%
Matador Resources (MTDR) has an average rating of buy and mean price target of $73.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Matador Resources (MTDR) entered into multiple agreements with affiliates of Energy Transfer, including a natural gas supply agreement, Matador said Thursday.Matador said it signed separate natural gas liquids agreements with different Energy Transfer affiliates to dedicate and sell NGLs from multiple sources in the Delaware Basin to Energy Transfer.The company said the new gas supply agreement is expected to help bridge the period before its transportation agreement on the Hugh Brinson Pipeline becomes effective and allow it to realize higher natural gas prices for a portion of its production during the second half of the year.
Energy stocks advanced late Friday afternoon, with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.The Philadelphia Oil Service Sector Index was shedding 0.2%, and the Dow Jones US Utilities Index was up 0.8%.Front-month West Texas Intermediate crude oil rose 0.4% to $96.77 a barrel, and the global benchmark Brent crude contract rose 1.3% to $103.93 a barrel. Henry Hub natural gas futures fell 3.6% to $2.91 per 1 million BTU.In sector news, Intercontinental Exchange (ICE) and OKX said Friday that they are collaborating to launch perpetual futures contracts tied to oil benchmarks. The new perpetual futures contracts will be underpinned by Intercontinental Exchange's Brent Crude and WTI Crude energy benchmarks, the companies said.In corporate news, American Resources' (AREC) minority holding ReElement Technologies formed a joint venture with Posco International to build rare earth and permanent magnet production facilities in the US, the company said Friday. American Resources shares were down 0.2%.Matador Resources (MTDR) shares added 1.2% after the company said Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported. TotalEnergies shares were down 0.7%.Frontline (FRO) shares fell 3.5% after the company reported Q1 adjusted earnings below analyst expectations.
Showing 1-20 of 32
