Matador Resources Company
), an independent energy firm, recently announced a change in
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Per the announcement, the executive Vice President of operations,
Mr. Matthew V. Hairford has been promoted to the post of
President on Nov 18. Mr. Hairford, who replaced Mr. Joseph Wm.
Foran, had joined the company in Jul 2004 as a drilling manager.
However, Mr. Foran will remain the Chairman of Matador Resources'
board and also the Chief Executive Officer.
In 1984, Mr. Hairford started his career at Conoco Inc., a
U.S.-based oil firm. On Aug 30, 2002, Conoco Inc merged with
Phillips Petroleum Co to form
), the largest independent exploration and production firm in the
Mr. Hairford had led the operations team efficiently with his
vast knowledge of the oil and gas sector. He has also helped
Matador Resources in exploring major plays like the Eagle Ford
shale and the Permian Basin.
Matador Resources is involved in exploring, developing and
producing US based oil gas properties. The company is also
engaged in the acquisition of those assets. Matador Resources is
focusing mainly on liquid rich resources like South Texas' Eagle
Ford shale play and Permian Basin's Wolfcamp and Bone Spring
Dallas, Texas based Matador Resources currently holds a Zacks
Rank #1 (Strong Buy), implying that it is expected to
significantly outperform the broader U.S. equity market over the
next one to three months.
Apart from Matador Resources, one can look at other energy firms
SM Energy Company
VOC Energy Trust
) that offer value. Both the stocks sport a Zacks Rank #1