Permian Basin-focused Matador Resources Co. has seen some of the highest initial potential (IP) rates from one of four wells recently completed and turned to sales in the Stateline asset area in Eddy County, NM.

Matador Stateline

The Dallas-based operator said Tuesday the test results from the Boros No. 215H well showed 24-hour IP production of 4,584 boe/d, comprising 2,750 b/d of oil and 11.0 MMcf/d of natural gas. Matador said the results were the best it has achieved for the Wolfcamp A-Lower formation and among the highest IP test results for any formation in the Delaware.

The Boros No. 201H test result, which showed IP production of 3,143 boe/d, also is among the top five IP test results that Matador achieved for wells completed and turned to sales in the Wolfcamp A-XY formation. Furthermore,...