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Operator Suspends Eagle Ford Drilling; Will Focus On Permian Basin
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Matador Resources Company announced its 2015 year-end reserves and its 2016 capital budget and operating plan.
Key Points: $277-325 million capital budget Mulling three and two rig programs Delaware Basin focus (97% of capex) NO Eagle Ford drillingNote : Eagle Ford
Part of the reason the company can put off eagle ford drilling is that the asset is more than 98% HBP. Something the company refers to as its "oil bank, for future drilling".
2016 Capital Budget, Operating Plan and GuidanceMatador is also pleased to announce its 2016 capital budget, operating plan and guidance. The Company’s 2016 capital budget is based on running three operated drilling rigs in the Delaware Basin throughout 2016, although Matador will consider reducing its Delaware Basin program to two operated…
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