Latest news with #Matador
Yahoo
15 hours ago
- Entertainment
- Yahoo
Lifeguard Kick Off Your Summer of Noise With ‘Ripped and Torn'
Just in time for summer, Lifeguard have arrived with the kind of guitar record you can play loud all day without wearing it out. They're a young, raw art-punk threesome from Chicago, finally putting out their debut album with the hotly awaited Ripped and Torn, on Matador. They started making noise when they were still in high school — two-thirds of Lifeguard are still in their teens. But they've already got a fervent following. They released the twin 2023 EPs Crowds Can Talk and Dressed in Trenches; last year they dropped the high-energy single 'Ministry/Energie,' and did a Wipers cover on the flip side. Yet that just hinted at the power of Ripped and Torn. Lifeguard have their own wonderfully brash power-clang guitar attack, jumping right in with the frantic 'A Tightwire' and keeping the buzz going for 12 jagged songs in barely over a half-hour, without a pause for breath. They sound willing to try anything, except being boring. More from Rolling Stone How Lifeguard Unleashed the Melodies Inside Their Punk Noise Lifeguard Reveal Debut Album, Summer Tour Noise Rules the Night in Austin Lifeguard come from the hopping teenage Chicago underground rock scene, the Hallogallo collective, with kindred spirits like Horsegirl, Friko, Answering Machines and many more. It's named after the art/music zine published by singer-guitarist Kai Slater, which he started up during the pandemic to keep the DIY scene in touch with each other. (In turn, the zine's named after a Neu! song.) In addition to Lifeguard, Slater has a completely different other top-shelf band, Sharp Pins, who just released an superb album Radio DDR, going for a mod lo-fi jangle-pop sound that bristles with intelligence. If these bands have anything in common, it's their hyper-active youthful energy, cocky confidence, cool record collections, and a refusal to follow cliches. There's a family connection as well: Lifeguard drummer Isaac Lowenstein's older sister Phoebe plays in Horsegirl, who just released their own bang-up album Phonetics On and On. (The two bands collaborated last year for a giddy cover of the Stone Roses' 'I Wanna Be Adored.') These kids don't waste time, and neither does this album. Ripped and Torn was produced by Randy Randall, from the excellent L.A. noise-punk band No Age. Slater, Lowenstein, and bassist Asher Case jump right in, with fiery rockers like 'It Will Get Worse.' Their sound is definitely in the Matador tradition — it makes sense for Lifeguard to drop this stellar debut thirty years after the peerless Matador spring of '95. That might be the hottest streak any rock label has ever had, cranking out stone-cold classics by Guided By Voices (Alien Lanes), Pavement (Wowee Zowee), Helium (The Dirt of Luck), Yo La Tengo (Electr-O-Pura), and Chavez (Gone Glimmering), all within a few weeks. But this album would fit right in, and that's high praise indeed. 'Under Your Reach' begins with 20 seconds of white-noise synth buzz before the rhythm section kicks in with a martial beat, leading to a harmony-drenched chorus. 'Like You'll Lose' is steeped in Eighties U.K. postpunk, with the dub-wise throb of the Raincoats, Gang of Four, or the Pop Group. Fugazi might be the loudest element in their sound, especially the quiet-to-massive bass breakdowns in songs like 'A Tightwire.' But you can also hear the Pacific Northwest roar of Unwound, with the stick-to-the-ribs crunch of their Midwest forebears like Arcwelder. There's also a surprising amount of early-2000s NYC dance-punk, especially the Rapture. Yet Lifeguard turn it all into their own style of craftily melodic body-slam punk hooks, including a kinda-sorta theme song in '(I Wanna) Break Out.' Their Chicago roots run deep. The band released a 2023 video from a live session at Electrical Audio recorded by the late Steve Albini — a torch-passing of sorts, since they're steeped in the kind of uncompromising rock Albini spent his life making and recording. (Strange but true: Case and Lowenstein first met as tweens when one noticed the other was wearing a Tortoise shirt. Insert your own Millions Now Living Will Never Die joke.) Ripped and Torn hits hardest at the end, in the enigmatic chime of 'T.L.A.,' a song of yearning where Slater sings, 'Words like 'tonality' come to me.' The abrasive guitar harmonics might evoke legends like Polvo or Mission of Burma, but as always, Lifeguard give each sound its own fresh twist. They pace the whole album like experts, hopping from idea to idea within the same song, never letting the pace drag. Spending the summer with Ripped and Torn is gonna be fun. Best of Rolling Stone The 50 Greatest Eminem Songs All 274 of Taylor Swift's Songs, Ranked The 500 Greatest Albums of All Time
Toronto Star
03-06-2025
- Business
- Toronto Star
Matador Technologies Inc. Announces Listing on the Frankfurt Stock Exchange
Key Points: Matador now trades on the Frankfurt Stock Exchange under ticker IU3 Listings across three key markets: Canada, U.S., and Europe Approaching objective of near 24-hour trading access for Matador shares globally, just like Bitcoin
Yahoo
29-05-2025
- Business
- Yahoo
Matador Technologies to Acquire Stake in Indian Firm HODL Systems
Matador Technologies, a Toronto-based digital asset firm, has entered a binding letter of intent to invest up to $3.2 million in HODL Systems, a publicly listed Indian company that integrates crypto into its treasury strategy. If fully exercised, the investment would give Matador up to a 24.95% ownership stake. The agreement also outlines plans for HODL to license and distribute Matador's blockchain-based digital gold and Ordinals products in India — one of the world's most gold-obsessed and mobile-savvy markets. India's households hold over 25,000 tonnes of gold, according to the World Gold Council, while more than 65% of the population is under 35, presenting a large potential user base for digital investment platforms. 'This strategic investment in HODL underscores our commitment to expanding our footprint in high-growth markets,' said Matador CEO Deven Soni. Chief Visionary Officer Mark Moss added that the partnership reflects a belief that 'the next wave of global financial infrastructure will be built on digital assets.' Pending regulatory approvals, the first tranche of the warrant investment — 25% of the total — is expected to close by July 10, 2025. The remainder will be committed within 18 months. The warrants can be converted into equity shares at a 1:1 ratio during that window. The deal is subject to TSX Venture Exchange approval, shareholder consent at HODL, and issuance of the warrants in dematerialized form. If completed, the move would not only mark Matador's entry into India, but also position the firm to tap into one of the largest untapped markets for crypto-backed financial tools. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Matador Resources Company Announces Start up of Marlan Plant Expansion, Credit Rating Upgrade and Borrowing Base Reaffirmation
DALLAS, May 29, 2025--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) ("Matador") and its midstream affiliate, San Mateo Midstream, LLC ("San Mateo") today announced the successful start up of San Mateo's Marlan cryogenic natural gas processing plant (the "Marlan Plant") expansion in Eddy County, New Mexico. In addition, Matador is pleased to announce a recent upgrade by Fitch Ratings, Inc. ("Fitch") to the Company's corporate credit rating to BB and the reaffirmation of the Company's $3.25 billion borrowing base and $2.25 billion elected commitment under its reserves-based revolving credit facility by its 19-member bank group. Successful Marlan Plant Expansion On Time and On Budget The successful expansion of the Marlan Plant on time and on budget adds an incremental 200 million cubic feet per day ("MMcf/d") of natural gas to the previously existing 60 MMcf/d for a total designed inlet capacity of 260 MMcf/d at the Marlan Plant. The expanded Marlan Plant supports Matador's development activities in Eddy and northern Lea Counties, New Mexico. The expansion also supports existing third-party producer development plans and allows San Mateo to pursue additional third-party volumes. San Mateo's midstream system now has a total gas processing capacity of 720 MMcf/d across Eddy and Lea Counties, New Mexico. Joseph Wm. Foran, Matador's Chairman and CEO, commented, "We are pleased to announce the start up of the expansion of the Marlan Plant. The increased processing capacity at the Marlan Plant should allow San Mateo to continue to provide Matador with reliable flow assurance in our Ranger and Antelope Ridge asset areas in Lea County, New Mexico. The Board and I congratulate and thank the members of our midstream and operational asset teams – especially the teams in the field – for the significant value they have created through their extra efforts to complete the Marlan Plant expansion on time and on budget." Please direct any commercial inquiries about the Marlan Plant or San Mateo's services to: Chris Tennant, Senior Vice President and Chief Commercial Officer – (972) 629-2165 Fitch Upgrades Matador's Credit Rating On May 14, 2025, Fitch upgraded Matador's Long-Term Issuer Default Rating (IDR) and Matador's senior unsecured notes from 'BB-' to 'BB'. In its May 14, 2025 press release, Fitch noted, "[t]he upgrade reflects management's execution on post-acquisition debt reduction initiatives, the company's large, oil-focused Delaware asset base,…" and Fitch's view of Matador's positive free cash flow generation, leverage and ample liquidity. More information regarding Fitch's upgrade of Matador may be found at Mr. Foran added, "We are very pleased to receive Fitch's upgrade to our corporate credit rating. This upgrade reflects our ongoing commitment to maintaining a resilient asset base and strong balance sheet, as well as improving capital efficiency and increasing free cash flow. We wish to express our appreciation to Fitch for its careful consideration of these factors in making the upgrade determination, and we look forward to working together with each of our rating agencies as Matador continues to build value for its shareholders and bondholders and strengthen its balance sheet." Borrowing Base and Elected Commitment Reaffirmation Matador is pleased to announce that this week all 19 lenders under Matador's reserves-based revolving credit facility unanimously reaffirmed both the Company's borrowing base at $3.25 billion and elected commitment at $2.25 billion. Mr. Foran commented, "We greatly value the strong relationships we enjoy with our lenders, which have been pivotal to the growth and success of both Matador and San Mateo over many years. We wish to express our sincere appreciation to each of our banks for their continued confidence and support, and we look forward to working together in the years ahead as we continue to grow Matador. With a strong balance sheet, nearly $1.8 billion in liquidity and its high-quality asset base, Matador believes it is well positioned to continue to increase shareholder value in 2025 and beyond. "Matador looks forward to sharing more about our recent progress and accomplishments at our upcoming 2025 Annual Meeting of Shareholders on Thursday, June 12 at 9:30 a.m. Central Time. The Annual Meeting will be held in the Fort Worth Ballroom at The Westin Galleria Dallas hotel, located at 13340 Dallas Parkway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before the formal meeting. Please join us in person if you are able or via the live webcast, which you can access using the following link About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. "Forward-looking statements" are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "could," "believe," "would," "anticipate," "intend," "estimate," "expect," "may," "should," "continue," "plan," "predict," "potential," "project," "hypothetical," "forecasted" and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, the amount and timing of share repurchases, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador's acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador's acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador's acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador's ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador's midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador's operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador's filings with the Securities and Exchange Commission ("SEC"), including the "Risk Factors" section of Matador's most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. View source version on Contacts Contact Information Mac SchmitzSenior Vice President - Investor Relations(972) 371-5225investors@
Business Wire
29-05-2025
- Business
- Business Wire
Matador Resources Company Announces Start up of Marlan Plant Expansion, Credit Rating Upgrade and Borrowing Base Reaffirmation
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) ('Matador') and its midstream affiliate, San Mateo Midstream, LLC ('San Mateo') today announced the successful start up of San Mateo's Marlan cryogenic natural gas processing plant (the 'Marlan Plant') expansion in Eddy County, New Mexico. In addition, Matador is pleased to announce a recent upgrade by Fitch Ratings, Inc. ('Fitch') to the Company's corporate credit rating to BB and the reaffirmation of the Company's $3.25 billion borrowing base and $2.25 billion elected commitment under its reserves-based revolving credit facility by its 19-member bank group. Successful Marlan Plant Expansion On Time and On Budget The successful expansion of the Marlan Plant on time and on budget adds an incremental 200 million cubic feet per day ('MMcf/d') of natural gas to the previously existing 60 MMcf/d for a total designed inlet capacity of 260 MMcf/d at the Marlan Plant. The expanded Marlan Plant supports Matador's development activities in Eddy and northern Lea Counties, New Mexico. The expansion also supports existing third-party producer development plans and allows San Mateo to pursue additional third-party volumes. San Mateo's midstream system now has a total gas processing capacity of 720 MMcf/d across Eddy and Lea Counties, New Mexico. Joseph Wm. Foran, Matador's Chairman and CEO, commented, 'We are pleased to announce the start up of the expansion of the Marlan Plant. The increased processing capacity at the Marlan Plant should allow San Mateo to continue to provide Matador with reliable flow assurance in our Ranger and Antelope Ridge asset areas in Lea County, New Mexico. The Board and I congratulate and thank the members of our midstream and operational asset teams – especially the teams in the field – for the significant value they have created through their extra efforts to complete the Marlan Plant expansion on time and on budget.' Please direct any commercial inquiries about the Marlan Plant or San Mateo's services to: Chris Tennant, Senior Vice President and Chief Commercial Officer – Midstream (972) 629-2165 Fitch Upgrades Matador's Credit Rating On May 14, 2025, Fitch upgraded Matador's Long-Term Issuer Default Rating (IDR) and Matador's senior unsecured notes from 'BB-' to 'BB'. In its May 14, 2025 press release, Fitch noted, '[t]he upgrade reflects management's execution on post-acquisition debt reduction initiatives, the company's large, oil-focused Delaware asset base,…' and Fitch's view of Matador's positive free cash flow generation, leverage and ample liquidity. More information regarding Fitch's upgrade of Matador may be found at Mr. Foran added, 'We are very pleased to receive Fitch's upgrade to our corporate credit rating. This upgrade reflects our ongoing commitment to maintaining a resilient asset base and strong balance sheet, as well as improving capital efficiency and increasing free cash flow. We wish to express our appreciation to Fitch for its careful consideration of these factors in making the upgrade determination, and we look forward to working together with each of our rating agencies as Matador continues to build value for its shareholders and bondholders and strengthen its balance sheet.' Borrowing Base and Elected Commitment Reaffirmation Matador is pleased to announce that this week all 19 lenders under Matador's reserves-based revolving credit facility unanimously reaffirmed both the Company's borrowing base at $3.25 billion and elected commitment at $2.25 billion. Mr. Foran commented, 'We greatly value the strong relationships we enjoy with our lenders, which have been pivotal to the growth and success of both Matador and San Mateo over many years. We wish to express our sincere appreciation to each of our banks for their continued confidence and support, and we look forward to working together in the years ahead as we continue to grow Matador. With a strong balance sheet, nearly $1.8 billion in liquidity and its high-quality asset base, Matador believes it is well positioned to continue to increase shareholder value in 2025 and beyond. 'Matador looks forward to sharing more about our recent progress and accomplishments at our upcoming 2025 Annual Meeting of Shareholders on Thursday, June 12 at 9:30 a.m. Central Time. The Annual Meeting will be held in the Fort Worth Ballroom at The Westin Galleria Dallas hotel, located at 13340 Dallas Parkway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before the formal meeting. Please join us in person if you are able or via the live webcast, which you can access using the following link About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties. For more information, visit Matador Resources Company at Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 'Forward-looking statements' are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as 'could,' 'believe,' 'would,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'should,' 'continue,' 'plan,' 'predict,' 'potential,' 'project,' 'hypothetical,' 'forecasted' and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, the amount and timing of share repurchases, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador's acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador's acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador's acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador's ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador's midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador's operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador's filings with the Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of Matador's most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
