Matador Resources Operator Activity: NM Permits And Spuds (2026)

Matador Resources reported Q1 2026 production of 207,594 BOE/d, including 120,277 bbl/d of oil and 523.9 MMcf/d of natural gas. The company increased full-year 2026 oil and total production guidance while reaffirming total capital expenditure guidance.

EnergyNetWatch reviewed Matador-linked state-source records on June 5, 2026. The public current permit/spud table below is limited to source labels with trailing-12-month permit or reported-spud activity. Stale or zero-current rows are excluded from that table.

EnergyNetWatch reviewed Matador-linked state-source records, pulled June 5, 2026.

Matador Resources Operator Activity: Executive Read

• Company signal: Matador reported Q1 2026 production of 207,594 BOE/d, oil production of 120,277 bbl/d, and natural gas production of 523.9 MMcf/d.
• Guidance signal: Full-year 2026 oil production guidance increased to 123,000 to 125,000 bbl/d; total production guidance increased to 210,500 to 216,000 BOE/d.
• Capital signal: Total 2026 capital expenditure guidance remained $1.45 billion to $1.55 billion.
• State-source signal: EnergyNetWatch reviewed MATADOR PRODUCTION COMPANY in New Mexico with 17 permits in the trailing 90 days and 226 permits in the trailing 12 months.
• Spud signal: Reported spuds under the current New Mexico Matador label totaled 3 in the trailing 90 days and 74 in the trailing 12 months.
• County signal: Lea carried 159 trailing-12-month permits; Eddy carried 67.

Company-Reported Context

Matador announced Q1 2026 results on May 6, 2026. The company reported total production of 207,594 BOE/d, oil production of 120,277 bbl/d, and natural gas production of 523.9 MMcf/d.

The company increased full-year 2026 oil production guidance from 122,000 to 124,000 bbl/d to 123,000 to 125,000 bbl/d. Total production guidance increased from 209,500 to 215,000 BOE/d to 210,500 to 216,000 BOE/d. Matador reaffirmed D/C/E capital expenditure guidance of $1.35 billion to $1.44 billion, midstream capital expenditure guidance of $100 million to $110 million, and total capital expenditure guidance of $1.45 billion to $1.55 billion.

Matador turned to sales 36.0 net operated wells during Q1 2026. The company also reported more than $350 million of RBL paydown since year-end.

Matador filed its Form 10-Q on May 8, 2026 for the quarter ended March 31, 2026. The filing and Q1 materials also preserve the San Mateo context: Matador owns 51% of San Mateo, and San Mateo provides gathering, processing, oil transportation, produced-water handling, and water infrastructure services tied to Matador acreage.

Recent Company Events Reviewed

EnergyNetWatch State-Source Review

EnergyNetWatch reviewed records on June 5, 2026. Permit windows use issue dates from May 6, 2026 for 30D, March 7, 2026 for 90D, and June 5, 2025 for 12M. Spud windows use the same date basis where reported spud dates are available.

The current permit/spud signal is New Mexico-led in this pull. MATADOR PRODUCTION COMPANY in Texas and Louisiana, ADVANCE ENERGY PARTNERS HAT MESA, LLC, MATADOR OPERATING CO, and San Mateo permit rows had no trailing-12-month permit or reported-spud activity in this pull, so they are excluded from the public current permit/spud table.

Need the current Matador Resources record set? Request EnergyNetWatch access for current permits, reported spuds, wells, production histories, source dates, county tables, maps, exports, alerts, and API workflows behind this briefing.

County Concentration

New Mexico source county-code rows were normalized before public display. In this pull, 15 / 015 maps to Eddy and 25 / 025 maps to Lea.

The read is Lea first, then Eddy. Lea carried 70% of the reviewed trailing-12-month permits and 84% of the reviewed trailing-12-month reported spuds under the current New Mexico Matador label.

Well And Production-Month Context

The well table is source-label context. It is not a consolidated company production reconciliation.

The New Mexico Matador row carries the strongest current source-record depth in this pull: 751 well records, 748 with a 2026 production month, and 740 producing/active status rows.

Top Well Counties

Production-Month Rollup Pointers

The rows below are source-label rollup rows. They should not be treated as one consolidated Matador company-production total.

Texas Facility Records

EnergyNetWatch records also show Texas facility-permit rows under Matador and San Mateo labels.

This is a source-record table. It is not a capacity, construction-status, or in-service claim.

For related infrastructure context, see the EnergyNetWatch midstream infrastructure data hub.

What To Watch Next

The same source-date discipline applies across the platform. For methodology context, see how to track drilling permits by operator and New Mexico drilling permits by operator.

Data Notes

Company-reported figures and EnergyNetWatch state-source records answer different questions. Company-reported production describes the consolidated corporate result. This briefing reviews selected public state-source records visible in EnergyNetWatch as of June 5, 2026.

Permit, spud, facility, and production dates are different date bases. A permit issue date is not the same as a reported spud date, a facility first-seen date, or a production month.

Rows with no trailing-12-month permit or reported-spud activity are excluded from public current permit/spud tables.

The production rollup rows are source-label context, not pro forma company-production totals.

Frequently Asked Questions

Is this the same as Matador's company-reported production?

No. The company-reported production figure gives the consolidated corporate reporting view. This briefing reviews selected state-source records, including permits, reported spuds, wells, production-month context, and facility records visible in EnergyNetWatch.

Which operator label is included in the public current permit/spud table?

The public current permit/spud table includes MATADOR PRODUCTION COMPANY in New Mexico. Rows without trailing-12-month permit or reported-spud activity are excluded from that table.

What is the strongest practical takeaway?

Start with New Mexico. MATADOR PRODUCTION COMPANY carried 226 trailing-12-month permits and 74 trailing-12-month reported spuds in New Mexico, with Lea carrying the largest county row.

How should Texas facility rows be used?

Facility records should be used as a supporting source layer. They can point to locations and operational context for follow-up, but they are not standalone proof of capacity, construction status, or in-service timing.

Related EnergyNetWatch Pages

• New Mexico drilling permits by operator: May 2026 snapshot
• How to track drilling permits by operator
• Midstream infrastructure data hub
• Texas infrastructure records: chase-ready oil and gas leads
• Request EnergyNetWatch access

Sources

• Matador Q1 2026 results release
• Matador Q1 2026 10-Q filing detail
• SEC 10-Q filing documents
• Matador Q1 2026 presentation
• EnergyNetWatch reviewed state-source app records, pulled June 5, 2026.