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Decline in prices prompts Matador to drop Eagle Ford rig
Because of the decline in oil prices during the last quarter, Matador Resources will drop its rig operating in South Texas after it completes the current drilling program in February. In early October, when prices were as high at $76/bbl WTI, the company commenced a short-term drilling campaign of up to 10 wells. As of Jan. 30, seven of the wells have been completed, including six in the Eagle Ford and one in the......
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