Drilling / Well Results | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update | Key Wells | IP Rates-24 Hour | Initial Production Rates | Drilling Activity
Matador Touts Personal Best IP24 at 2,900 BOEPD; Output Jumps 37% YOY
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Matador Resources reported its Q1 2018 results.
Highlights:- Q1 2018 production of 45.3 MBOEPD (58% oil) - up +4% from 4Q17 and up +37% YOY
Average daily oil production increased 7% sequentially to 26,500 barrels per day and average daily natural gas production decreased 1% sequentially to 112.9 million cubic feet of natural gas per day as compared to Q4 2017 Q1 2018 Delaware Basin average daily oil equivalent production increased 7% sequentially to a record quarterly high of 37,200 BOE per day (63% oil) as compared to Q4 2017. Delaware Basin average daily oil production increased 11% to 23,400 barrels per day and Delaware Basin average daily natural gas production remained essentially flat at 82.8 million cubic feet per day as compared to Q4 2017.- Q1 2018 net income (GAAP basis)…
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