Shale Driller Matador Boosts Oil Output After Record Profit
Photographer: Matthew Busch/Bloomberg
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Matador Resources Co. is raising oil and natural gas output after posting record results fueled by soaring worldwide energy prices.
The shale explorer expects daily production to average the equivalent of 107,000 barrels during the current quarter, up from less than 94,000 during the first three months of the year, according to a release on Tuesday.