Matador Resources Co Sustainability Profile
Matador Resources Co., a prominent player in the oil and natural gas industry, is headquartered in the United States, with significant operations in the Delaware Basin and other key regions. Founded in 2003, the company has achieved notable milestones, including its successful public listing in 2017, which has bolstered its market presence. Specialising in the exploration and production of hydrocarbons, Matador Resources distinguishes itself through its strategic asset management and innovative drilling techniques. The company’s commitment to operational efficiency and sustainability has positioned it as a leader in the energy sector. With a robust portfolio of core products and services, Matador continues to enhance its reputation, making significant contributions to the energy landscape while prioritising environmental stewardship.
DitchCarbon Score
How does Matador Resources Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Matador Resources Co's score of 15 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Matador Resources Co's reported carbon emissions
In 2023, Matador Resources Co, headquartered in the US, reported total Scope 1 emissions of approximately 762,307,000 kg CO2e. This figure reflects a slight increase from 2022, when emissions were about 746,684,000 kg CO2e. The company has consistently disclosed only Scope 1 emissions data, which includes emissions from stationary combustion (about 546,059,000 kg CO2e in 2023), fugitive emissions (approximately 2,968,000 kg CO2e), and process emissions (around 683,000 kg CO2e). Matador Resources has set ambitious reduction targets aligned with the Science Based Targets initiative (SBTi). The company aims to reduce its Scope 1 and 2 greenhouse gas emissions by 21% within five years, using 2021 as the base year. This target translates to an average annual reduction of about 4.2%. The company’s emissions intensity has varied over the years, with a gross Scope 1 GHG intensity of approximately 5,750 kg CO2e per million USD revenue in 2023, compared to 5,380 kg CO2e per million USD in 2022. Overall, Matador Resources Co is actively working towards significant emissions reductions while maintaining transparency in its reporting practices.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 866,548,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
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Matador Resources Co's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Matador Resources Co has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
