HEYCO Energy Group manages domestic and international oil and gas exploration and development projects in the United States and Europe. HEYCO’s core resources are technical knowledge and management experience applied by a team with specific and proven skills in geology, geophysics, reservoir engineering, international negotiation, drilling and production, and land and operations management.


HEYCO Energy Group is owned by members of the Yates family of southeastern New Mexico, who have been active in the U.S. domestic upstream oil and gas business since the 1920s. Martin Yates, Jr. and his partners discovered the first commercial oil well on state lands in New Mexico in 1924. In 1969, pioneer oilman and wildcatter Harvey Yates founded Harvey E. Yates Company, the historic cornerstone of HEYCO Energy Group.

For several decades, HEYCO operated in the Permian Basin, specifically in the Delaware Basin, with lease positions in all of the headline horizontal plays such as in the 1st, 2nd, and 3rd Bone Springs Sand. HEYCO pioneered the Bone Springs as a conventional play in the 1980s.

In early 2015, HEYCO Energy Group’s subsidiary, Harvey E. Yates Company, was acquired by Matador Resources (MTDR) for an equity position in the company.

A sculpture of Mary and Martin Yates in Artesia, NM.

Source: Robert Summers Studio

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