Matador Resources (MTDR +2.6%) says proved oil and natural gas reserves at year-end 2012 totaled...

|About: Matador Resources (MTDR)|By:, SA News Editor

Matador Resources (MTDR +2.6%) says proved oil and natural gas reserves at year-end 2012 totaled 23.8M boe. Proved oil reserves of 10.5M barrels comprised 44% of total proved reserves, vs. 12% a year ago, attributable to its ongoing drilling program in the Eagle Ford shale. Proved natural gas reserves of 80B cu. ft. declined from 170.4B a year ago.