Prepare for the worst, hope for the best. Sage advice in uncertain times meant to encourage building safeguards as protection against the unknown. The oil and gas industry knows this all too well. Uncertain and Unknown are forever the shadow twins just waiting to disrupt best laid plans even in the best of times.

Reese Energy Consulting today is following the latest news from one producer taking precautionary measures to mitigate even more risk during what it describes as “turbulent times.” Dallas-based Matador Resources, which operates in the Permian Delaware, Eagle Ford, and Haynesville and Cotton Valley in La., has recently claimed a headline announcing its departure from the Eagle Ford with two divestitures for a combined $30+ million. Proceeds to whittle down debt and train company eyeballs on its Delaware assets.

The story also shared Matador’s actions to batten down the hatches amid the shadow twins to include additional oil hedges throughout the year, and structuring rig contracts with options that allow for a quick decrease or increase of its drilling program based on market conditions. With an expectation of higher steel prices ahead, Matador has already secured inventory of casing, valves, and surface equipment.