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Permian E&P Saves Hundreds of Thousands with 100% Recycled Frac Water
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Matador Resources delivered Q1 results. Here are a few key points.
100% Recycled Frac WaterOf all the data points during the call, what we found most interesting is the company's first use of 100% recycled water for fracking.
Here is what Joe Foran said "They did their first 100% frac with recycled water, which saved hundreds of thousands of dollars on that. That looks like another promising area to improve and be that much more careful efficient. It was innovative and we appreciate them doing and look forward to doing more. "
Q1 ProductionFirst quarter 2019 average daily oil equivalent production increased 8% sequentially to a record quarterly high for the Company of 59,900 barrels of oilequivalent (“BOE”) per day (58% oil) as compared to the fourth quarter of 2018.
Average daily…
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