Reese Energy Consulting today shines a spotlight on Dallas-based Matador Resources, whose expansion of its 60 MMCFD Marlan gas plant in the Permian’s Eddy Co., N.M., is now revved up and ready for business, on time and on budget, with a total capacity of 260 MMCFD. The Marlan is part of the San Mateo midstream system, a JV between Matador and Five Point Energy, with 720 MMCFD of processing capacity serving the Delaware’s Eddy and Lea counties. The Marlan plant supports Matador’s development activities in both counties as well as gas intake from third parties. Operating primarily in the Delaware, the company also holds positions in the Haynesville and Cotton Valley.

Following earnings reports is a big part of REC’s due diligence projects and our content creation here. Some of them make our eyes go Beetlejuice with the same commentary from leadership we’ve heard time and again in good times and bad.

Others, like Matador’s Joseph Wm Foran, offer authenticity, genuine words from the heart of a CEO, whose company has suffered the same bumps and bruises as its peers, prepared for the next, and enjoyed a banner 1Q in 2025. Foran, founder and CEO, closed his remarks with this, “Over the last 40-plus years in the oil and gas business, the Board, the staff, and I have weathered many turbulent storms… Our assets, board, staff, and financial strength have put us in a position where we expect to come out of these volatile and uncertain times better than where we were when we entered them—just as we have done many times in the past.”