ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 18.Feb.2025) — Matador Resources Company eyes average daily equivalent crude oil and natural gas production reaching 205,000 boe/d in 2025, up 20% compared to 170,751 boe/d in 2024, according to the company’s founder, chairman and CEO Joseph Wm. Foran.
“Matador aims at increasing its average daily BOE production by 20% to an average of 205,000 [boe/d] in full-year 2025, as compared to an average of 170,751 [boe/d] in full-year 2024,” Foran said 18 Feb. 2025 in the company’s fourth-quarter 2024 financial press release.
Matador’s operations are currently focused on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Dallas-based company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana.
Matador also looks to boost its average oil production by 22% to 122,000 barrels per day (b/d) in the full-year 2025 compared to 99,808 b/d in the full-year 2024.
“Matador produced 496 million cubic feet of natural gas per day in 2024 but Matador’s 2025 plan remains flexible and its undeveloped acreage is sufficiently ‘gassy’ so that Matador can adjust and produce more natural gas if market conditions warrant a modification,” Foran said.
As of 31 Dec. 2024, Matador had gas reserves of 1.5 trillion cubic feet (Tcf), primarily in the Delaware Basin.
Foran said Matador also retained its operating rights in the Cotton Valley in Northeast Louisiana, which he said the company referred to as its ‘gas bank’ and is 100% held-by-production.
As of 31 Dec. 2024, expected gas production from Matador’s Cotton Valley inventory is not included in its reserve report since Matador does not currently plan to drill the Cotton Valley formation in the near future unless gas prices improve and stabilize.
Matador’s reservoir engineers consider the Cotton Valley to be a proven formation, Foran said.
“Matador estimates that it has 37 net horizontal locations in the Cotton Valley, which Matador’s reservoir engineers have estimated to be capable of producing up to 200 to 300 billion cubic feet of gas. Additionally, Matador anticipates that these operated Cotton Valley locations would have extended lateral lengths of approximately two miles, which would improve costs and provide other efficiencies. Furthermore, this Cotton Valley natural gas would have the benefit of using the same midstream infrastructure that serves the Haynesville Shale, including transportation to many of the liquified natural gas (LNG) terminals along the Gulf Coast,” Foran said.
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By Chad Archey reporting from Atlanta. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
