Dallas-based Matador Resources last week reported improved well performance and cost efficiencies through large-scale batch developments in second half of 2025. Matador turned to sales a 17-well batch development on its John Callahan unit in the Antelope Ridge asset area in Lea County, N.M. It’s one of the largest developments in Matador’s history and targets multiple horizons in Bone Springs and Wolfcamp.
Early production results for this project reveal recoveries about 8 percent higher than Matador’s average normalized oil production for wells turned to sales in 2024 and 2025. Matador attributed the results to “improved well targeting, completion design and chemical optimization.” Matador said Jan. 27 that average lateral lengths of 10,300 feet combined with full trimul-frac and simul-frac completion operations reduced total well cost by 10 percent compared to its 2024 Lea County averages.
The company also updated its acquisition and development activity. Matador said it completed about 690 transactions for $245 million on about 17,500 net acres in 2025 to bring its total Delaware Basin acreage total to 212,500 net acres as of Dec. 31, 2025.