Matador Resources cuts rigs by half, trims exec pay by 25%

Company expects to operate only three rigs for the rest of the year

Matador: executives elect to take pay cuts amid low oil price environment — Matador: executives elect to take pay cuts amid low oil price environmentPhoto: REUTERS/SCANPIX

Julia Martinez

Houston

Matador Resources Permian Joseph Foran Shale Americas

Published 11 March 2020, 17:06Updated 11 March 2020, 17:06