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Independent energy firm Matador Resources files for a $150 million IPO

August 12, 2011

Matador Resources, an independent energy company with a focus on natural gas exploration and production, filed on Friday with the SEC to raise up to $150 million in an initial public offering. The Dallas, TX-based company, which was founded in 2003 and booked $41 million in sales for the 12 months ended March 31, 2011, plans to list on the New York Stock Exchange under the symbol MTDR. RBC Capital Markets and Citigroup are the lead underwriters on the deal. No pricing terms were disclosed.