After reporting record 2Q production of 209,013 boed (including 122,875 b/d of oil), Dallas-based Matador Resources said Tuesday it anticipates record annual production for 2025 without increasing budget. Matador increased 2025 guidance to 200,000-to-205,000 boed from 198,000-to-202,000 boed. Joseph Wm. Foran, chairman and CEO, said, “Matador achieves this balanced growth through our integrated team approach across the drilling, completion, production and midstream teams. This integration allows us to profitably develop at a measured pace our over 200,000 net acre position in the Delaware Basin.”
In 2Q Matador turned to sales 32 gross (22.8 net) operated wells. The company contractually released its ninth drilling rig earlier this summer and expects to operate eight drilling rigs. However, Matador plans to turn to sales record yearly lateral footage in 2025. 2Q production was up 30 percent over last year.
Foran added, “Matador is increasing its full year 2025 production guidance ranges without changing its 2025 capital expenditure guidance, reflecting Matador’s improving capital efficiency.”
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