The 5 percent gain, though impressive, has become something of a regularity for the shale-boomer, whose shares have advanced some 170 percent over the past 12 months, due mostly to the impressive results it has yielded from its operations in the oil-rich
The Shale Boom
The technological advances that have unlocked the vast reserves within shale formations across have led to an astronomical increase in domestic energy production over the last decade, sending the US well on its way to being self-sufficient in terms of its oil and gas needs. But the overwhelming majority of these plays are yielding natural gas, which sells on the market at an enormous discount to crude oil despite relatively high costs of production.
The producers who have benefitted the most from shale are the ones that are, generally speaking, the ones who are bringing substantial amounts of oil to the surface, and Matador has, by all appearances, turned out to be a perfect example of such a company. Indeed, the upgrade from
A Crude Operator
The company revealed that it had begun production from its first well in
But it's not just the wells, or the performance of the company's stock that has investors and analysts excited about Matador, as the report from
Shares for Matador hit