Matador Resources Issues Stock To Fund Eagle Ford Acquisitions & Capital Budget

78% of Matador's 2013 Budget Fund Eagle Ford Activity
Matador Resources Eagle Ford Map | Click to Enlarge

Matador Resources Eagle Ford Map | Click to Enlarge

Matador Resources priced a public offering of 8.5 million shares at $15.25/share or for total proceeds of near $130 million on September 4, 2013. The capital raised will be used to fund the company’s capital budget and acreage acquisitions in its core operating areas.

Approximately 78% of Matador’s 2013 capital budget is allocated to the Eagle Ford. Two rigs will run in the region throughout 2013 and one rig will be added in the Permian Basin of West Texas.

Matador also intends to use net proceeds from this offering to fund the acquisition of additional acreage in the Eagle Ford shale, the Permian Basin and the Haynesville shale and for other general working capital needs.

Read the full press release at

The following two tabs change content below.
R.T. Dukes

R.T. Dukes

Managing Editor at
R.T. is the managing editor of In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Add a Comment