Matador Resources files $150 million IPO

Matador Resources Co. has filed for an initial public offering of $150 million and said it plans to use the proceeds to repay debt and fund capital expenditures.

Dallas-based Matador made the filing with the Securities and Exchange Commission on Friday, and it also intends to apply to list its common stock on the New York Stock Exchange under the symbol “MTDR.”

Matador operates primarily in the Eagle Ford shale of South Texas and the Haynesville Shale of Northwest Louisiana and East Texas. It was founded in 2003.