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Matador Resources gets approval to drill 6 wells in New Mexico

Matador Resources Co. has started drilling operations on its Rodney Robinson wells in the western Antelope Ridge asset area after the U.S. Bureau of Land Management granted it six drilling permits.

The six wells are slated to be completed and turned into sales in the first quarter of 2020, according to a Sept. 23 release. Matador acquired the 1,200 gross and net acre Rodney Robinson tract during the New Mexico oil and gas lease sale held by the federal agency in September 2018.

The company also said it is on track to start operations on the Stateline asset area in early 2020. The company plans to move two of its operated drilling rigs to the Stateline area to begin a multiyear drilling program.

Matador intends to drill eight wells, which are expected to be finished in the third quarter of 2020 alongside the completion of an expansion of a cryogenic natural gas processing plant in Eddy County, N.M., by the company's 51%-owned midstream joint venture San Mateo Midstream LLC.