Matador Resources Company reports news on its independent oil and natural gas exploration, development, production and acquisition business in the United States. The company's operations focus primarily on the oil and liquids-rich Wolfcamp and Bone Spring plays in the Delaware Basin of Southeast New Mexico and West Texas, with additional activity in the Haynesville shale and Cotton Valley plays in Northwest Louisiana.
Recurring updates cover operating and financial results, production guidance, capital spending, reserve-based lending activity, dividends, senior note transactions and executive leadership changes. Matador also reports developments tied to its midstream operations, including natural gas processing, oil transportation, natural gas, oil and produced water gathering, and produced water disposal services for its own operations and third parties.
Matador Resources Company (NYSE: MTDR) reported third-quarter 2020 results, reflecting operational success despite market challenges. Key achievements included the completion of 13 Boros wells exceeding expectations and significant cost efficiencies, resulting in record-low operating expenses. However, the company faced a GAAP net loss of $276.1 million, primarily due to a non-cash impairment related to declining oil prices. Looking ahead, Matador anticipates generating free cash flow in Q4 2020 and plans continued operational growth alongside enhanced capital efficiency.
Matador Resources Company (NYSE: MTDR) will release its third quarter 2020 operational and financial results after market close on October 27, 2020. A live conference call is scheduled for October 28, 2020, at 9:00 a.m. Central Time to discuss the results and operational highlights. The call can be accessed by domestic participants at (855) 875-8781 and international participants at (720) 634-2925, with conference ID 7364026. The event will also be available on the company's website for replay until November 30, 2020.