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Matador Talks 2018 Budget, Rig Plans; Production Up 57% in 2017
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Matador reported its 2018 outlook and Q4 2017 results.
2018 Plan- 2018 Capex: $600-660 million (up +21% from ~$520 million for 2017)
$530 to $570 million for drilling, completing and equipping operated and non-operated wells almost entirely in the Delaware Basin $70 to $90 million for its share of various midstream projects to be undertaken by San Mateo, reflecting Matador's 51% share of San Mateo's estimated 2018 capital expenditures.Matador expects to operate six drilling rigs throughout 2018, with the sixth rig being used periodically to drill at least two additional salt water disposal wells in the Rustler Breaks asset area for San Mateo.
Q4 Highlights:Year-over-year, from the fourth quarter of 2016 to the fourth quarter of 2017:
Average daily oil production increased 57%…- ✓ Full news archive — U.S., Canada & international coverage
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