Exploration & Production | Drilling / Well Results | Top Story
Matador Expects Growth at Non-Op Haynesville Property
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Matador Resources Co. has reported an update on its Haynesville Shale operations in Northwest Louisiana.
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During the first quarter of 2014, Matador was notified by Chesapeake of its intent to drill up to a total of 30 gross (6.3 net) Haynesville wells on Matador’s Elm Grove acreage in southern Caddo Parish, Louisiana during 2014. The Company retains the right to participate for up to a 25% working interest in all wells drilled on this property, with its working interest proportionately reduced to the leasehold position in any individual drilling unit.
Chesapeake has been actively drilling on these properties since the second quarter of 2014, and at October 14, 2014, is currently operating three drilling rigs on the properties.
On September 8, 2014, Matador reported that…
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