MTDR Proved Reserves increase by 33%
Posted: Sat Feb 07, 2015 10:57 am
Matador ended 2014 with proved oil and natural gas reserves of 68.7 million BOE as of December 31, 2014, an all-time high for the Company and a 33% increase from 51.7 million BOE at December 31, 2013. The present value, discounted at 10%, of the estimated future net cash flows before income taxes (“PV-10”) of Matador’s total proved oil and natural gas reserves at December 31, 2014 was $1.04 billion, as compared to a PV-10 of $655.2 million at December 31, 2013, a 59% year-over-year increase.