Operational Updates | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Forecast - Production
Matador Touts 2015 Production; IDs Three-Rig Program for 2016
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Matador Resources Company announced full year 2015 production results.
2016 OutlookThe image below shows Matador's drilling program in 2015.
For 2016, the company does not plan to run a rig in the Eagle Ford and we expect Matador's activity to continue to decline in the play. Drilling will be focused on a three-rig program in the Permian Basin assets.
Matador is operating three drilling rigs in the Delaware Basin, as it has been since late July 2015, and it currently plans to run three rigs in this area throughout 2016. Matador is, however, evaluating any number of scenarios as it finalizes its drilling plans and capital budget for 2016 in light of current commodity prices, including possibly dropping one rig temporarily in 2016.
From a financial perspective, at December 31, 2015…
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