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Matador's Permian Results Surpass Expectations; Talks Latest IPs
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Matador Resources has reported an update on its Permian Basin - Southeast New Mexico and West Texas operations.
During 2014, Matador continued the exploration and delineation of its Permian Basin acreage in Loving County, Texas and Lea and Eddy Counties, New Mexico. Matador completed and began producing oil and natural gas from 11 gross (9.6 net) wells in this area during 2014, including 10 gross (9.5 net) operated and one gross (0.1 net) non-operated wells. The ten operated wells tested six different Bone Spring and Wolfcamp intervals. Matador completed and placed on production five wells in the Wolf prospect area in Loving County, Texas - four wells testing the Wolfcamp “X” sand at the top of the Wolfcamp interval and one well testing the Wolfcamp “A” interval below the Wolfcamp “X/Y”…
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