Bakken Update: Matador's New Frac Design Heads To The Permian
- Matador's secondary offering may have been a positive, as it has enough cash to operate through 2014.
- Management continues to make good decisions, adding acreage in the Permian.
- The completion of its equity offering funds Matador's 2014 D&C program.
- Matador continues to beat production estimates, and may be at the top end of its 2014 EBITDA guidance.