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Matador Resources increases 2014 oil production guidance


Published Oct 16, 2014
Matador Resources Company

Matador Resources Company announce its quarterly production results for the three months ended September 30, 2014, which were the best quarterly oil equivalent production and quarterly oil production results in the Company’s history.

◾ Oil equivalent production increased 19% year over year from approximately 1.24 million barrels of oil equivalent (BOE) (50% oil) or an average of about 13,500 BOE per day in the third quarter of 2013 to approximately 1.5 million BOE (57% oil) or an average of about 16,100 BOE per day in the third quarter of 2014. Oil equivalent production increased approximately 6% sequentially quarter over quarter from approximately 1.4 million BOE (57% oil) or an average of about 15,400 BOE per day in the second quarter of 2014 and increased 38% from approximately 1.1 million BOE (62% oil) or an average of about 11,900 BOE per day in the first quarter of 2014. Oil equivalent production year over year increased 24% from 3.2 million BOE for the nine months ended September 30, 2013 or about 11,700 BOE per day to 4.0 million BOE for the nine months ended September 30, 2014 or about 14,500 BOE per day.

Tags: Matador Resources Company




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