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BRIEF-Matador Resources updates 2017 guidance

March 23 Matador Resources Co:

* Matador Resources Company updates 2017 guidance

* Matador's 2017 capital investment plans remain same as previously disclosed on February 22, 2017

* Matador Resources co sees 2017 oil production of 6.9 to 7.2 million barrels, an increase of 38% at midpoint of 2017 guidance

* Matador Resources Co - sees 2017 natural gas production of 33.0 to 35.0 billion cubic feet, an increase of 11% at midpoint of 2017 guidance

* Matador Resources Co sees FY 2017 drilling and completions capital expenditures (including equipping wells for production) of $400 to $420 million

* Matador Resources Co sees 2017 adjusted EBITDA of $255 to $275 million

* Matador Resources -sees 2017 total oil equivalent production of 12.4 million boe to 13.0 million boe

* Matador Resources Co - in addition, at these oil and natural gas prices, matador estimates a realized loss on derivatives of about $11 million in 2017

* Matador Resources Co- sees 2017 midstream capital expenditures of $56 to $64 million

* Matador Resources Co sees FY 2017 midstream capital expenditures of $56 to $64 million Source text for Eikon: Further company coverage:

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