Question · Q3 2025
Neil Dickman asked about Matador's operational efficiency improvements and the high-level decision-making process between increasing production growth with the same capital spend or decreasing capital spend while maintaining production.
Answer
Joseph Foran, Founder, Chairman and CEO, and Chris Calvert, EVP and COO, explained that the decision is a balance of multiple factors beyond just oil price, including efficiency gains (e.g., reduced days on well, service cost reductions), long-term relationships with service companies, and the quality of prospects. They highlighted the impact of efficiency on project economics and the optionality to adjust activity based on market conditions, emphasizing the company's strong balance sheet and retained earnings growth.