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Matador Resources

#2317

Rank

$6.67B

Marketcap

US United States

Country

Matador Resources
Leadership team

Mr. Craig N. Adams J.D. (Exec. VP, Co-COO, Chief of Staff & Corp. Sec.)

Mr. Billy E. Goodwin (Pres of Operations)

Mr. Joseph Wm. Foran (Founder, Chairman & CEO)

Products/ Services
Energy, Oil and Gas
Number of Employees
100 - 500
Headquarters
Dallas, Texas, United States
Established
2003
Company Registration
SEC CIK number: 0001520006
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
MTDR
Social Media
Overview
Location
Summary
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations; provides natural gas processing and oil transportation services; and offers oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. As of December 31, 2021, its estimated total proved oil and natural gas reserves were 323.4 million barrels of oil equivalent, including 181.3 million stock tank barrels of oil and 852.5 billion cubic feet of natural gas. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.
History

The company arose in the town of Púchov in 1947 as a "national enterprise" that was split off from the old firm Matador Bratislava.

Matador Bratislava was founded in 1905 involved mainly in the production of rubber hoses and belts in its new facilities in Petržalka, a district of Bratislava. Since 1925, it has produced tires . Its tires were fitted to many Czechoslovak automobiles of the 1930s, thus contributing in co-operation with the brands Škoda, Tatra, Aero and others to the development of automotive industry in Central Europe. The firm was nationalized in 1946 and privatized in 1995. Its trade name has been Matadorex, a.s. since the privatization. The key role in privatization and transformation of the company was played by Štefan Rosina, who initially joined the firm in 1950 as a regular worker and eventually became the leader of the management team.Matador in Púchov itself was established as a "national enterprise" for tire production in 1947. Production started in 1950. It was called "Gumárne 1. mája" , at that time and sold its products under the trademark Barum. Gradually it expanded its production and became the monopoly producer of air tubes and the main producer of rubber conveyor belts in Czechoslovakia. It also started to produce truck radial tires in the 1970s. The company founded its own R&D center in 1987 and provided technical assistance for the construction of rubber works in India, Indonesia, Ethiopia, Cambodia, Burma, Syria, Turkey, Iran and Yugoslavia. In 1991 it was turned into a joint-stock company and privatization took place 1992-1994. The trademark of the products of the company was changed to Matador and the firm's name was changed to Gumárne Barum in 1991 and to Matador in 1993.

The joint venture "Continental Matador" for the production of truck tires was established in Púchov in September 1998.

In 1999 the transformation of the company took its final phase by change of management and by shift to division management system.

The management of the Company is being transformed to the German model.

In 2001, Matador was one of the first companies in middle Europe to fulfil technical specification ISO/TS 16949. This is a system of quality management in the automotive industry accepted by important automotive associations.

In December 2001 the company Det Norske Veritas issued the Management Quality System Certificate in accordance with standards ISO 9001:2000, valid for design, production, assembling, servicing and sales of machines and equipment for rubber industry and management of design and development, production, servicing and sales of moulds.

In September 2005 Matador celebrated its one hundredth anniversary and introduced a new company logo to represent the company.

In 2007 the company Continental AG acquired 51% of the Matador Rubber Division.

On 1 July 2008, Continental and Matador Group agreed on the transfer of an additional 15% of the shares in Continental Matador Rubber, at which date the Continental Group owned 66% of the shares in Continental Matador Rubber.

In 2009 Continental AG Hannover increased their capital share to 100%. New Continental’s distribution-logistic centre was open in that year in Puchov, for Central and Eastern Europe, as well as the new production finalisation hall.

In May 2010 Continental opened a new production hall in Púchov that enabled an increase of capacities for the production of passenger and light truck tires.

Mission
Our mission is to create value for our shareholders through the efficient and responsible exploration, development, and production of oil, natural gas, and natural gas liquids. We are focused on safety, reliable operations, and best practices in order to pursue our vision.
Vision
Our vision is to be a competitive, profitable, and growing energy company dedicated to creating value for our shareholders and improving the communities where we live and work.
Key Team

Mr. Michael D. Frenzel (Principal Financial Officer, Sr. VP & Treasurer)

Mr. Christopher P. Calvert (Co-Chief Operating Officer)

Mr. Rey Antonio M. Revoltar (Chief Exec. Officer)

Mr. Robert T. Macalik (Sr. VP & Chief Accounting Officer)

Mr. Van H. Singleton II (Pres of Land, Acquisitions & Divestitures and Planning)

Mr. Bryan A. Erman (Sr. VP & Gen. Counsel)

Mr. George Gregg Krug (Exec. VP of Marketing & Midstream)

Recognition and Awards
Matador Resources Company has been the recipient of Several awards, including the 2013 Oil & Gas Investor Vanguard Award in the North American Exploration & Production category and the 2016 Platts Global Awards for Exploration & Production Company of the Year.
References
Matador Resources
Leadership team

Mr. Craig N. Adams J.D. (Exec. VP, Co-COO, Chief of Staff & Corp. Sec.)

Mr. Billy E. Goodwin (Pres of Operations)

Mr. Joseph Wm. Foran (Founder, Chairman & CEO)

Products/ Services
Energy, Oil and Gas
Number of Employees
100 - 500
Headquarters
Dallas, Texas, United States
Established
2003
Company Registration
SEC CIK number: 0001520006
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
MTDR
Social Media