Dallas-based independent Matador Resources Co., in sync with its midstream affiliate, pulled out all stops in the third quarter by reducing costs at a record rate while it boosted its oil and natural gas production. The portfolio stretches across oil- and natural gas-rich basins of Louisiana and Texas, but operations primarily are directed to the…
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Dallas-based independent Matador Resources Co., whose operations span the Permian Basin, Eagle Ford and Haynesville shales, boosted oil and natural gas production in the second quarter using smaller but more efficient operations, management said Wednesday. Even with some output shut-in and with lower commodity prices, average net oil volumes climbed to a record quarterly high…
Dallas-based Matador Resources Co., whose focus is concentrated in the Permian Basin, reported stronger production in the third quarter, with natural gas climbing 22% sequentially in part on the ramp up of the 2 Bcf/d Gulf Coast Express system, which is moving supply to the Texas coast.
Dallas-based Matador Resources Co. reaffirmed plans to reduce activity and consider selling assets in the Eagle Ford and Haynesville shales while hunkering down in the Permian Basin’s Delaware sub-basin, where it plans to drill more wells from multi-well pads and with longer laterals.
Two years after agreeing to expand midstream operations in the Permian Basin’s Delaware formation, subsidiaries of Matador Resources Co. and private equity Five Point Energy LLC agreed to a second partnership that would nearly double processing capacity with a cryogenic natural gas processing plant in New Mexico.
Because of the “changing financial circumstances” brought about by volatile oil prices, Dallas-based independent Matador Resources Co. said Wednesday it will reduce its drilling program in the Eagle Ford Shale and consider selling some assets, including in South Texas and the Haynesville Shale.
Dallas-based Pioneer Natural Resources Co. has agreed to sell all of its Raton Basin assets in southeastern Colorado, including natural gas wells and infrastructure, to Evergreen Natural Resources LLC for $79 million. Net production from the assets averaged 84 MMcf/d (14,000 boe/d) in 1Q2018, almost all natural gas. The transaction is expected to close by the end of July. The sale is expected to result in a pre-tax noncash loss of $65-75 million in 2Q2018.
Dallas-based independent Matador Resources Co. has joined several Permian Basin peers in securing better takeaway terms for its natural gas production.
Matador Resources Co.’s majority-owned San Mateo Midstream LLC and Plains All American Pipeline LP are teaming up to transport crude oil from the Permian Basin in the Rustler Breaks area of Eddy County, NM.
Matador Resources Co. expects a significant increase in oil production this year compared with its 2016 results, thanks in large part to its decision to drill and complete a five-well operated program in the Eagle Ford Shale, the company said Thursday.