Company Overview
Matador Resources Company, established in 2003, is an independent energy firm headquartered in Dallas, Texas. Specializing in the exploration, development, production, and acquisition of oil and natural gas, it trades publicly on the NYSE under the ticker symbol MTDR. The company emphasizes a risk-balanced portfolio of exploration opportunities, particularly in unconventional resource plays.
Core Responsibilities and Operations
- Exploration and Development: Matador Resources is committed to optimizing resource recovery through specialized technical expertise in oil and natural gas exploration and development.
- Production and Acquisition: Focused on efficient production operations and strategic acquisitions, Matador enhances its energy resource management and market presence.
Key Facts
- Industry: Oil & Gas Exploration and Production (E&P)
- Headquarters: Dallas, Texas, USA
- Full-Time Employees: Approximately 452
- Annual Revenue: Estimated at $1.4 billion
Leadership and Management
Joseph Wm. Foran
Founder, Chairman of the Board, and Chief Executive Officer
- Leadership Vision: Established Matador Resources Company in July 2003, driving strategic vision centered on technical innovation and financial discipline. Foran champions a strong corporate culture and financial precision.
- Compensation: Foran's total yearly compensation is $8.06 million, with salary constituting 16.8%.
Senior Executive Team
- Van H. Singleton II: President – Land, Acquisitions, and Divestitures and Planning.
- Brian J. Willey: Executive Vice President and Chief Financial Officer, took on the CFO role in February 2023.
- Michael Frenzel: Executive Vice President and Treasurer, focusing on financial planning and forecasting.
- Christopher Calvert: Senior Vice President and Co-Chief Operating Officer since April 2022.
- Jonathan Filbert: Executive Vice President - Land, having advanced quickly since joining as a Senior Staff Landman in 2013.
Financial Performance and Market Presence
- Boasts a robust team of technical and administrative professionals, prioritizing financial discipline and strong performance.
- Strategic appointments, like Paul W. Harvey to the Board of Directors, underscore a commitment to leadership and governance enhancement.
Public Engagement and Corporate Information
Matador maintains open communication with investors and markets through dedicated Investor Relations and Corporate Governance portals on its website, enhancing transparency and stakeholder engagement.
Industry Context and Future Orientation
Situated in the Oil & Gas sector, Matador is positioned for strategic growth with a focus on innovation and strategic acquisitions bolstering market dominance and resource base. The company's future strategies focus on aligning with sustainable practices and energy efficiency.
Competitive Landscape
Matador Resources competes among significant industry players, showcasing its strengths in the U.S. domestic market:
- Canvas Energy: Oklahoma City-based, focusing on oil and natural gas exploration with prominent operations in the Anadarko Basin.
- Altima Resources: Canadian junior energy company specializing in petroleum and natural gas asset development, focusing on undervalued properties.
- OMV Petrom: Prominent in Southeastern Europe, covering the full energy value chain, with strong presence in Romanian fields.
- Birchcliff Energy: Operating in Alberta, emphasizes cost-efficient intermediate oil and gas production in the Montney/Doig Resource Play.
- Comstock Resources: Leading natural gas producer in Haynesville shale known for environmental stewardship and strategic investor relations.
Market Position and Strategy
Matador Resources leverages its expertise in U.S. markets through strategic acquisitions and operational efficiency, focusing on unconventional resource plays to maintain financial stability and pursue growth sustainably. The company's strategy involves navigating competitive energy landscapes with strategic expansions and acquisitions.
