Matador Resources Co
Latest Matador Resources Co News and Updates
Lower US Crude Oil Production Forecasts for 2019
The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd on June 1–8.
Understanding Falling US Distillate Inventories
The EIA estimates that US distillate inventories fell 0.8 MMbbls (million barrels) to 138.0 MMbbls from September 15–22, 2017.
Hopes for Oil Producer Meeting Boosted Prices for Last 2 Months
The Doha meeting was originally scheduled for March 2016. However, due to scheduling difficulties, it had to be postponed, which led to a rise in crude oil price volatility.
WTI and Brent Crude Oil Prices Were Trading almost Flat
WTI and Brent crude oil prices fell for the second day in a row due to record US crude oil inventory and profit booking.
OPEC Could Pressure US Natural Gas Prices in 2018
US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.
EIA Downgraded US and Brent Crude Oil Price Forecasts
The EIA released its monthly STEO report on May 9, 2017. It estimates that US WTI crude oil prices would average $50.68 per barrel in 2017.
Relationship between US Distillate Inventories and Oil Prices
US distillate inventories rose by 2,747,000 barrels to 127.7 MMbbls (million barrels) on November 17–24, 2017. Inventories rose 2.2% week-over-week.
Last Week’s Strongest Exploration and Production Stocks
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%.
Are Crude Oil Traders the Bullish Catalyst for the Global Oil Market?
Bullish crude oil prices benefit upstream companies like Matador Resources (MTDR), SM Energy (SM), Warren Resources (WRES), and Bonanza Creek Energy (BCEI).
Iran’s Crude Oil Production Could Impact the Crude Oil Market
The EIA (U.S. Energy Information Administration) estimates that Iran’s crude oil production rose by 60,000 bpd to 3,780,000 bpd in January 2017.
Hedge Funds’ Net Long Positions in WTI Reached a New High
Hedge funds’ net long positions rose by 23,299 contracts to 413,637 contracts in the week ending on February 21, 2017—compared to the previous week.
Will Saudi Arabia’s Crude Oil Export Plans Rescue Oil Prices?
Saudi Arabia is the largest crude oil producer and exporter among the OPEC (Organization of the Petroleum Exporting Countries) member countries.
Upstream and Oilfield Services Stock Fell Last Week
On December 7–14, upstream stock Carrizo Oil & Gas (CRZO) fell the most on our list of energy stocks.
How US Distillate Inventories Affect Diesel and Oil Prices
The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 2.2 MMbbls (million barrels) to 150.2 MMbbls between March 31 and April 7, 2017.
Cushing Inventories: Lowest Level since November 2016
Cushing inventories could have fallen on June 30–July 7, 2017. Crude oil inventories at Cushing have fallen for the seventh straight week.
US Crude Oil Production: Highest Level since March 2016
The EIA estimates that US crude oil production will average 8,980,000 bpd and 9,530,000 bpd in 2017 and 2018, respectively.
Decoding US Natural Gas Inventories from June 22 to 29
On July 6, the EIA (U.S. Energy Information Administration) released its natural gas storage report.
Russia’s Crude Oil Production and OPEC’s Meeting
Russia’s crude oil output averaged 10.97 MMbpd (million barrels per day) in May. Russia’s crude oil production averaged 11.1 MMbpd in early June.
Implied Volatility of Top 5 Return on Equity Upstream Stocks
Carrizo Oil & Gas (CRZO) has the highest implied volatility among its peers, while Devon Energy (DVN) has the lowest implied volatility.
The Top 5 Upstream Companies Based on Return on Equity
The company with the highest trailing 12-month ROE (return on equity) as of 3Q17 is Carrizo Oil & Gas (CRZO) with an ROE of 52.1%.
US Gasoline Inventories Add More Pain to Crude Oil Futures
According to the EIA, US gasoline inventories rose by 6,780,000 barrels to 220.8 MMbbls (million barrels) on November 24–December 1, 2017.
Matador Resources: The Fifth-Best-Performing Upstream Stock Year-to-Date
In 9M17, Matador Resources (MTDR) reported revenues of ~$399.0 million—about 124.0% higher than its 9M16 revenues of ~$178.0 million.
The Fourth-Best-Performing Upstream Stock Year-to-Date
In 9M17, KOS’s production increased ~107.0% to ~7.8 million barrels when compared with 9M16.
US Gasoline Inventories Fell for 4th Time in 5 Weeks
The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories fell 2.1 MMbbls (million barrels), or 1%, to 216.1 MMbbls between September 8, 2017, and September 15, 2017.
Why Cushing Inventories Hit a New Low
A preliminary survey estimates that inventories at Cushing could have fallen between July 14 and July 21, 2017.
US Gasoline Inventories Could Help Crude Oil Bulls
The EIA reported that US gasoline inventories fell by 0.6 MMbbls to 241.9 MMbbls on June 9–16, 2017. Inventories rose 1.8% from the same period in 2016.
EIA, IEA, and OPEC Expect US Crude Oil Production to Rise
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 12,000 bpd to 9,330,000 bpd on June 2–9, 2017.
US Gasoline Consumption Rose in May
The EIA estimates that US gasoline consumption averaged 9,600,000 bpd (barrels per day) in May 2017—0.16 MMbpd higher than the same period in 2016.
Why Did Crude Oil Prices Diverge before OPEC’s Meeting?
July WTI (West Texas Intermediate) crude oil futures contracts trading in NYMEX fell by 0.47% and settled at $49.1 per barrel on Tuesday, May 31, 2016.
Crude Oil Prices Rise on Expectations of a Fall in US Inventories
WTI and Brent crude oil prices have risen by more than 80% since their lows in February 2016, but they’ve still fallen by 55% compared to their 2014 highs.
Key US Shales to Witness Lower Crude Oil Production by November
The EIA expects crude oil production to slow down at most of the key US shales by November. It expects production to fall at five key shales and rise at two others in October.
Eagle Ford Natural Gas Production Slows Month-over-Month
The number of rigs working at Eagle Ford decreased from 137 in April to 121 in May. A year ago, there were 260 drilling rigs in the region.
Permian Shale Oil Production Rises in May
Permian Basin shale crude oil production amounted to ~2.05 MMbpd in May. This is 0.5% higher than April’s production total and a 29% increase over production in May 2014.
Encana Performs Better with 1Q15 Cash Flow
Encana’s (ECA) 1Q15 cash flow from operations was $482 million, or 49% less than the $943 million it recorded in 1Q14.
