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Matador Details 2014 Financial Outlook, End-Of-Year 2013 Operations

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January 13, 2014

Matador Resources Company (NYSE: MTDR) detailed its financial outlook for 2014 on Jan. 8. A strong cash flow leading into the year has set up the company’s capex plan, as well as its hedging. Additionally, the company detailed its 2013 year-end operations and production in the Eagle Ford and Permian Basin. Fourth quarter 2013 oil and natural gas production dropped 15% to 20% because of several shut-in wells, but year-over-year (Y/Y) production guidance was higher than 2012, the company said.

This year, Matador’s cash totals $6.3 million. Of that, $200 ...

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