Matador Resources Co. (NYSE: MTDR) is targeting a new Delaware Basin position in Lea County, N.M., expanding acreage there and in other areas with $111 million in deals from January through late February, the company said in March.
The company bolted on 8,200 net acres overall, including leasehold in a new Lea project area called Antelope Ridge, also known as the Red Hills area. Matador also added acreage in Rustler Breaks in southern Eddy County, N.M.
The company estimates the Antelope Ridge area’s inventory of gross locations at 486, with nearly 70% of them operated.
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Source: Daily Dose of ShaleDirectories.com News