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Matador & Carrizo cut Eagle Ford rig counts



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During 2H18, Matador Resources and Carrizo Oil & Gas shifted activity away from their Permian operations in favor of boosting rig counts in the Eagle Ford in order to avoid potential differential blowouts in the Permian. After the dramatic drop in oil prices in Q4 and the extensive buildout of Permian infrastructure, both companies are reducing their Eagle Ford programs this year. Matador will drop its rig operating in South Texas after it completes the current drilling program in February. In......
 
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