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Matador to drop rig, cut $100 million from 2025 capex budget

Summary by OGJ

Executives have trimmed their full-year production forecast by more than 2% to about 200,000 boe/d.

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OGJ

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Matador to drop rig, cut $100 million from 2025 capex budget

Executives have trimmed their full-year production forecast by more than 2% to about 200,000 boe/d.

3 days ago·Tulsa, United States

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Bloomberg

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Matador Plans to Cut Drilling Activity, Drop One Rig by Mid-2025

Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices.

4 days ago·United States

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Bloomberg broke the news in United States 4 days ago on Wednesday, April 23, 2025.

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Matador to drop rig, cut $100 million from 2025 capex budget

2 Articles

2 Articles

Matador to drop rig, cut $100 million from 2025 capex budget

Matador Plans to Cut Drilling Activity, Drop One Rig by Mid-2025

Coverage Details

Bias Distribution

Ownership

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