At Split Rock, we try to diversify our dollars across different U.S. basins. By doing this, we gain exposure to the best areas and operators in differing locales. Diversification is important, as it limits our downside, which is important in a volatile sector. The Eagle Ford is difficult, as the bulk of production growth and downspacing has occurred. We do like the play, but have more difficulty in finding solid operators with good prospects. We believe Matador Resources (NYSE:MTDR) may be one of the best ways to gain exposure to the Eagle Ford. We also like its exploratory program in the Permian. There is more than just acreage and geology to be considered, as we believe Matador is...
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