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Matador Strengthens Delaware Basin Ops; Lower Costs, Drill Times
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Matador Resources Company has provided a summary of its Annual Shareholders Meeting and an operational update since the time of the annual meeting, specifically addressing ongoing activities in the Delaware Basin.
Operational highlights discussed at the meeting included the following: significant year-over-year growth in production from 11,900 BOE per day in the first quarter of 2014 to 23,500 BOE per day in the first quarter of 2015, a 98% increase over the past year, with additional production growth anticipated in the second quarter of 2015; significant year-over-year growth in oil and natural gas reserves from 54.6 million BOE at March 31, 2014 to 79.3 BOE at March 31, 2015, an increase of 45%, with most of this growth occurring in the Delaware Basin; strong results from Matador's…- ✓ Full news archive — U.S., Canada & international coverage
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