Moody's Ratings changes Matador's outlook to stable; affirms Ba3 CFR
Moody's Ratings (Moody's) changed Matador Resources Company's (Matador) rating outlook to stable from positive. At the same time, Moody's affirmed the company's Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and B1 senior unsecured notes rating. The Speculative Grade L...Matador Resources is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with a focus on oil and natural gas shale and other unconventional plays. The company's operations are focused on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Also, the company conducts midstream operations, through its midstream joint venture, San Mateo Midstream, LLC together with San Mateo Midstream II, LLC.
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