Matador Divests South Texas Assets, Strengthens Balance Sheet

Matador Resources Company (MTDR) announced that it divested its remaining acreage in the Eagle Ford Basin in South Texas. The company has also discussed the possibility of implementing a stock repurchase program this year over and above its fixed quarterly dividend of 31.25 cents per share.Sale of Remaining Eagle Ford AcreageThe company announced the sale of its remaining acreage and producing assets in the La Salle, Karnes, and Atascosa Counties in South Texas. These assets were highly productive and a key ...