Matador Resources reports Q3 oil production approx. 303,000 Bbl of oil

theflyonthewall.com

Oil production increased over seven-fold to approximately 303,000 Bbl of oil, or about 3,291 Bbl of oil per day, during the third quarter of 2012 as compared to approximately 43,000 Bbl of oil, or about 465 Bbl of oil per day, in the third quarter of 2011. Proved oil reserves at September 30, 2012 increased almost eight-fold to approximately 8.4 million Bbl as compared to 1.1 million Bbl at September 30, 2011.

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