Matador’s record production of over 135,000 barrels of oil equivalent (“BOE”) per day during the third quarter of 2023 was driven in part by the 21 Margarita wells that were acquired in connection with the purchase of Advance in April 2023.
The third quarter of 2023 was the best quarter of total production in Matador’s history, as we averaged more than 135,000 barrels of oil and natural gas equivalent (‘BOE’) per day.
Matador plans to further expand its local gas processing capacity by another 200 MMcfd, they will support this with a new plant
Matador plans on running 7 drilling rigs for the remainder of 2023 .
Matador Resources 2023 Outlook Drilling, completing and equipping capital expenditures of $1.18 to 1.32 billion and Oil production guidance of 26.4 to 27.3 million barrels
Matador Resources ranks #24 in wells drilled in 2023 with 116 wells drilled in the US. Download 2023 drilling report.
Matador Resources Company announced it is working on even more disposal wells for Southeast New Mexico and its share of the Permian Basin.
Cimarex Energy Co. 2021 budget GUIDANCE $750 million and reported production of 225,000 barrels of oil equivalent (BOE) per day.
