Matador Execs Cut Salaries, Halve Rig Count

摘要

Matador Resources is responding to the oil price war with plans to slash its rig activity by half during the next few months, and its executives have taken the novel — for now, at least — step of slicing a chunk off their own salaries. The US independent joins a list that grows by the day of E&Ps making deep revisions to their spending plans for 2020 (OD Mar.11’20).