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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.

2 Articles

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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.

·Tulsa, United States
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BloombergBloomberg
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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.

·United States
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  • 50% of the sources lean Left, 50% of the sources are Center
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Bloomberg broke the news in United States on Wednesday, April 23, 2025.
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