ʶԳ

Matador to Drop Rig in Response to Oil Price Decline

Copyright © 2025 ʶԳ Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Onshore,Drilling,Donkey
Hamara/Shutterstock

Permian Basin producer Matador Resources expects to drop one of its nine active drilling rigs soon as part of precautions it is taking in response to the recent decline in oil prices.

Topics:
Corporate Strategy, Rig Count, Shale, Earnings
Wanda Ad #2 (article footer)
Pemex's board of directors approved guidelines for public bidding on the contracts last week, which were published in the government’s official diary this week.
Wed, Apr 30, 2025
CEO Tony Petrello said he was pleasantly surprised that a survey pointed to a reduction in the US rig count of only 4% given the recent slump in oil prices.
Wed, Apr 30, 2025
TotalEnergies CEO Patrick Pouyanne told an analyst call that the Mozambique LNG industrial site "is completely secure" and that financing is "back on track."
Wed, Apr 30, 2025