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Matador Mulls Eagle Ford Scale Back; Talks Permian, Haynesville Ops
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Matador Resources Company has reported the following update of its ongoing operations ahead of its December 9, 2014 conference call discussing 2015 plans.
Production UpdateMatador continues to achieve strong growth in both oil and natural gas production during the fourth quarter of 2014. From October 1 through November 30, 2014, Matador’s total oil equivalent production has averaged approximately 21,000 barrels of oil equivalent, or BOE, per day, representing an increase of just over 30% thus far in the fourth quarter, as compared to 16,096 BOE per day reported in the third quarter of 2014, and up 75% as compared to 11,968 BOE per day reported in the fourth quarter of 2013. The Company reaffirms that its oil, natural gas and total oil equivalent production are each expected to be at…
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