People | People-Promotion

Permian Player Matador Names New President

Share Print Bookmark    |    Tuesday,November 19,2013

Matador Resources Company has reported that Matthew V. Hairford, the Company’s Executive Vice President – Operations, has been elected as President of the Company, effective November 18, 2013.

Mr. Hairford succeeds Joseph Wm. Foran as President. Mr. Foran will continue as Chairman of the Board of Directors and Chief Executive Officer. Mr. Foran has held all three positions since he founded Matador in 2003. The Company’s Executive Committee will continue to consist of Mr. Foran, Mr. Hairford, David E. Lancaster, Executive Vice President, Chief Operating Officer and Chief Financial Officer, David F. Nicklin, Executive Director – Exploration, Craig N. Adams, Executive Vice President – Land and Legal, Bradley M. Robinson, Vice President – Reservoir Engineering and Chief Technology Officer, and Ryan C. London, Vice President and General Manager.

Foran commented: "Matt has extensive oil and gas experience and has been a key member of our operations team, helping us to develop our Eagle Ford acreage and positioning us to explore and develop our growing interest in the Permian Basin. He has been a key contributor to our success over the past nine years, and today’s announcement recognizes his excellent leadership skills and his growing operational and executive role in the Company.  Matt and I will continue to work closely together to develop our Eagle Ford, Permian and Haynesville assets and create ongoing value for our stockholders. I have enjoyed working with Matt since he joined the Company, and I look forward to him assuming additional responsibility in this new role."

On his new position, Mr. Hairford said, "I’m honored to receive this promotion and am excited about not only our current operations, but also with what we have planned for the future. I look forward to continuing to work with Joe and the rest of the Matador team as we build upon our exploration and development efforts in the Eagle Ford, Permian and Haynesville."

Mr. Hairford joined Matador as its Drilling Manager in July 2004 shortly before Matador drilled its first well. He was named Vice President – Drilling in May 2005, Vice President – Operations in May 2006 and Executive Vice President – Operations in May 2009. Mr. Hairford has overall responsibility for Matador’s drilling and production operations. Before joining Matador, Mr. Hairford was a Senior Drilling Engineer with both Samson Resources and Sonat, Inc. Mr. Hairford began his career with Conoco, Inc. in 1984.

Mr. Hairford received his Bachelor of Science degree in Petroleum Engineering Technology from Oklahoma State University in 1984. He is an active member of the American Association of Drilling Engineers, the American Petroleum Institute and the Society of Petroleum Engineers. Mr. Hairford has also completed the Stanford Graduate School of Business Executive Education Program.