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. [Read more…]

ZaZa Energy CEO Buys Shares To Fund Eagle Ford Acquisitions

Private Equity Placement Raises $1.38 Million

ZaZa Energy’s CEO acquired 1.5 million shares worth $1.38 million in a private placement of common stock. The money will be used to fund acreage acquisitions in the company’s eastern Eagle Ford and Eaglebine regions. [Read more…]

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