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Matador Adds New Rig to Drill 10 Eagle Ford Wells; Hits Best Delaware Basin IP24 to Date
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Matador Resources reported its Q3 2018 results.
2018 Capex Increase - Seventh Rig Deployed to Drill Eagle FordMatador has increased its 2018 capex by $25-30 million to fund the deployment of a rig at its Eagle Ford acreage.
The new rig is slated to drill up to 10 new wells (see plans below).
Latest IPs: Touts Best Delaware IP24 to Date / 1st Two-Mile LateralThe Strong 14-24S-33E AR #214H Well:
Matador's second Wolfcamp A-Lower Test in Antelope Ridge Asset Area and was the company's best IP24 in the Delaware Basin to date. IP24 flowed 3,670 BOE/d (77% oil), or 760 BOE per day per thousand feet of completed lateral (~4,800' total lateral length)The David Edelstein State Com #203H (Edelstein #203H) Well:
Matador's first operated two-mile horizontal well in the Delaware Basin, a Wol…- ✓ Full news archive — U.S., Canada & international coverage
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