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Matador 's Premier Bone Spring Wells Perform; IPs Detailed
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Matador Resources Co. has reported a third quarter 2014 update on its Permian Basin - Southeast New Mexico and West Texas - operations.
Ranger Prospect AreaMatador’s first two Second Bone Spring completions also continue to perform very well. The Ranger 33 State Com #1H well has produced 158,000 BOE, including 144,000 barrels of oil (91% oil), in its first year of production and continues to produce about 300 barrels of oil per day with gas-lift assist. As previously reported, Matador estimates this well is on track for an estimated ultimate recovery of approximately 500,000 BOE. The Pickard State 20-18-34 #1H well has produced 43,000 BOE, including 40,000 barrels of oil (92% oil), after just over three months of production. Given the early success of the gas-lift assist on the Ranger 33…
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