Matador Resources had a 76% increase in oil production across its portfolio in 2013 from 3,317 b/d – 5,843 b/d. The increase was a direct result of the company’s drilling operations in the Eagle Ford Shale. In 2013, Eagle Ford production also contributed ~14.9 mmcf/d, which was ~42% of the company’s total natural gas production.
Matador continues to have solid results in the Eagle Ford. Look for the company to make some acreage deals in the play this year.
Matador’s Eagle Ford budget for 2014 is $318 million.