Dallas-based Matador Resources reported July 27 its second quarter featured record operational and financial achievements, including a significant increase in net income and all-time quarterly highs for oil and natural gas production and revenues. Matador reported better-than-expected performance by 13 Voni wells in the Stateline asset area and by the Rodney Robinson wells in the western portion of the Antelope Ridge asset area. Joseph Wm. Foran, chairman and CEO, said, “We remain very pleased with the continued better-than-expected well performance being achieved all across our acreage position in the Delaware Basin.”
Matador said drilling and completion costs averaged $615 per completed lateral foot in 2021Q2 (all-time quarterly low), and its operations team continues to reduce drilling times in Stateline. Matador expects to advance completion operations for the next 11 Voni wells now being drilled entirely in 2021Q4 rather than completion of most of those wells in 2022Q1. Matador expects to achieve full-year 2021 production guidance.