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Matador Ups Spending, Guidance, Well Plans for 2018; Talks Key IPs in Q2
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Matador Resources reported its Q2 2018 results.
Increased 2018 Capex / Guidance; More WellsMatador has increased its 2018 D&C capex plans as well as its guidance for the year.
D&C spending increased to $620-650MM (up +16% at the midpoint from original plan) Production guidance has been increased to 18.5 MMBOE (up +10% at the midpoint from original estimate Key Well Results from Q2 The Bill Alexander State Com #111H (Bill Alexander #111H) well, Matador's second First Bone Spring test in its Antelope Ridge asset area, flowed 1,808 BOE per day (79% oil), or 407 BOE per day per thousand feet of completed lateral, during a 24-hour initial potential test. The Bill Alexander #111H well was a strong follow-up test of the First Bone Spring formation north of Matador's initial First Bone…- ✓ Full news archive — U.S., Canada & international coverage
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