Company Overview Completed IPO of 14,883,334 shares (12,209,167 primary) including overallotment at 12.00/share in March 2012 Exchange: Ticker NYSE: MTDR Shares Outstanding(1) 55.8 million common shares Share Price(2)…
Matador History Predecessor Entities Foran Oil & Matador Petroleum Founded by Joe Foran in 1983 Foran Oil funded with 270,000 in contributed capital from 17 friends and family members Sold to Tom Brown, Inc.(1) in June 2003 for an…
Matador Resources Snapshot Average Daily Production(1) 10,739 BOE/d Oil Production(1) (% total) 5,015 Bbl/d (47%) Gas Production(1) (% total) 34.3 MMcf/d (53%) Proved Reserves 6/30/13 38.9 million BOE % Proved Developed 42% %…
Matadors Continued Growth TOTAL OIL AND (1) (1) (1)(2) TOTAL OIL PRODUCTION NATURAL GAS REVENUES ADJUSTED EBITDA 1,900 230.0 165.0 156.0 115.9 1,214 Thousand Bbl in millions in millions 67.0 49.9 30.6 34.0…
Growth in PV-10(1) from SEC Proved Reserves 600 88.13 oil 550 3.44 gas SEC Pricing 500 Oil, /Bbl Gas, /MMBtu 91.21 oil 450 2.76 gas PV-10(1), millions 400 350 300 92.71 oil 4.12 gas 250 200 150 75.96 oil 4.38…
SEC Proved Reserves Value Growth Cotton Valley SE New Mexico 10.3 million, 2% 2.9 million, 1% Cotton Valley SE New Mexico 5.8 million, 1% 2.0 million, 1% Haynesville Cotton Valley SE New Mexico 41.9 million, 8% 19.5 million, 8%…
Eagle Ford South Texas
Eagle Ford Overview Proved reserves growth from 4.7 million BOE at December 31, 2011 and less than Proved Reserves 6/30/13 15.7 million BOE 0.1 million BOE at December 31, 2010 % Proved Developed 59% Drilled and completed 49 gross /…
Eagle Ford Properties EAGLE FORD ACREAGE TOTALS EAGLE FORD EAST Nickel Ranch 38,316 gross / 26,148 net acres Bexar 6,485 gross / 5,412 net acres Hennig San Antonio Uvalde Medina Gonzales Lewton EOG OPERATED, MTDR WI 21%…
Eagle Ford Well Costs and Estimated Ultimate Recovery (EUR) Nickel Ranch EAGLE FORD EAST (p. 16) Hennig Well Costs: 8-10 million EUR: 600-1,000 MBOE Uvalde Medina Gonzales San Antonio Lewton Keseling Love Wilson Cowey…
Eagle Ford West 8,000 9,000 True Vertical Depth 2-String Casing Design 240F White Sand (1) (2) (3) DRILLING DAYS FRAC STAGE COST TOTAL WELL COST ( in thousands) ( in millions) 247.9 9.9 19.2 7.8 6.8 6.3 12.6 11.4…
Eagle Ford Central 10,500 11,500 True Vertical Depth 2-String Casing Design 300F White Sand (1) (2) (3) DRILLING DAYS FRAC STAGE COST TOTAL WELL COST ( in thousands) ( in millions) 11.0 159.5 20.1 9.4 18.8 130.1 119.3…
Eagle Ford East 12,500 13,500 True Vertical Depth 2-String or 3-String Casing Design 330F Premium Proppant(5) (1) (2) (3) DRILLING DAYS FRAC STAGE COST TOTAL WELL COST ( in thousands) ( in millions) 219.7 10.4 24.7 8.4…
Batch Drilling Reducing Well Costs and Well Times Further Single Well Pad versus Average 4-Well Batch Drilled Pad Time Savings Rig Moves 2 Days Drilling Efficiencies 1 Day Total Per Well Time Savings 3 Days Cost Savings…
Evolution of Matador Frac Design (1) Note: Figure depicts proppant and fluid volume pumped per 300 ft. of horizontal wellbore. (1) Mlbs = thousands of pounds of proppant pumped 18
Well Improvement with Evolution of Frac Design Eagle Ford East Offsetting Wells: Example 1 Eagle Ford Central Offsetting Wells: Example 2 1,200 800 1,100 First Generation Design Second Generation Design 700 1,000 Third Generation…
Eagle Ford Well Estimated ROR as a Function of EUR and Well Cost 90.00/Bbl NYMEX oil; 3.00/Mcf NYMEX natural gas Note: Individual well economics only. NGL price differential +1.85/Mcf. Oil price differential +7.00/Bbl. 20
Permian Basin Southeast New Mexico and West Texas
Southeast New Mexico / West Texas Gross Acres(1) 45,964 acres Net Acres(1) 28,340 acres Foothold of existing production and reserves Acreage position in good neighborhoods, surrounded by other operators ongoing INDIAN DRAW…
Wolfbone Play in the Delaware Basin (West Texas) Stratigraphic Column Horizontal Targets Avalon Shale Depth: 7,900 8,300 (Oil Window) Density Porosity: 12-14% Thickness: 300-500 ft. Normal Pressure (0.45 psi/ft.) Total Organic…
Ranger Prospect Area: Proposed Wolfbone Multi-Zone Exploration Program and Surrounding Results Devon Ironhouse 19 State 1H Bone Spring / Upper Wolfcamp 2nd Bone Spring Type Log IP: 603 Bbl/d; 298 Mcf LLS 0.2 2000 GR (CTR) LLD 0…
Wolf Leasehold: Proposed Wolfbone Multi-Zone Exploration Program and Surrounding Results Bone Spring / Upper Wolfcamp Shell Shell Shell Type Log Johnson 1-86 (1H) Johnson 1-88 Lov 1H Johnson 1-76 (1H) Wolfcamp Wolfcamp Wolfcamp…
Haynesville & Cotton Valley Northwest Louisiana and East Texas
Tier 1 Haynesville and Elm Grove Cotton Valley Acreage Positions Almost all prospective Haynesville acreage is HBP TIER 3: 2 4 Bcf BOSSIER TIER 2: 4 6 Bcf CADDO BIENVILLE TIER 1: 6 10+ Bcf MTDR CV Horizontal T. Walker 1H…
Haynesville Total Resource Potential Price Sensitivity 800 Haynesville - Tier 2 (Undrilled), millions 700 Haynesville - Tier 1 (Undrilled), millions 98 600 Haynesville Proved Producing, millions 500 PV-10(1), millions…
Haynesville Well Economics Tier 1 Area 300 8 Bcf - 8.0 MM D&C Cost 275 9 Bcf - 8.0 MM D&C Cost 250 10 Bcf - 8.0 MM D&C Cost 8 Bcf - 9.0 MM D&C Cost 225 9 Bcf - 9.0 MM D&C Cost Rate of Return, % 200 10 Bcf - 9.0 MM D&C…
Cotton Valley Horizontal Well Economics 100.0 4.0 Bcf - 5.6 MM D&C Cost 90.0 5.0 Bcf - 5.6 MM D&C Cost 6.0 Bcf - 5.6 MM D&C Cost 80.0 4.0 Bcf - 6.6 MM D&C Cost 5.0 Bcf - 6.6 MM D&C Cost 70.0 6.0 Bcf - 6.6 MM D&C Cost 60.0 ROR,…
Gracie Wyoming, Utah and Idaho
Matador Gracie Project Total Prospect Acreage WYOMING IDAHO UTAH WYOMING IDAHO UTAH Crawford Federal 1H 61,897 gross acres 30,492 net acres WYOMING Crawford Federal 1H completion scheduled for summer 2013 Note:…
Southwest Wyoming Stratigraphy and Target Zones Crawford Federal 1: Drilled straight hole in late 2011 2% TOC Cretaceous Shales Encountered 161 Meade Peak with 46 of main pay Recovered 50 conventional core across pay zone…
Financial Overview
2013 Financial Expectations 2013 Revenue and Adjusted EBITDA(1)(2) Oil and Natural Gas Revenues(2) (millions) (3) 250.0 230.0 Estimated oil and natural gas revenues of 220 to 240 million 200.0 Mid-point is an increase of 47% from…
Second Quarter 2013 Earnings Release Highlights Production Growth Increasing Oil Production: Oil production of 447,000 Bbl for the quarter ended June 30, 2013, resulting in a year-over-year increase of 57% from 285,000 Bbl produced in…
Second Quarter 2013 Earnings Release Highlights (Cont.) Acreage Acquisitions Acquired approximately 30,200 gross and 20,700 net acres primarily in Lea and Eddy Counties, New Mexico between January 1 and August 7, 2013, bringing the…
Financial Performance Average Daily Production Oil and Natural Gas Revenues (BOE/d) ( in mm) 12,000 70.0 10,582 58.2 10,000 60.0 8,738 8,004 50.0 8,000 40.0 36.1 6,000 30.0 3,733 20.9 4,000 20.0 2,000 10.0 7.5 0 0.0…
2013 and 2014 Hedging Profile Oil Hedges (Costless Collars) At August 19, 2013, Matador had: 2013 2014 Total Volume Hedged by Ceiling (Bbl) 661,200 2,294,000 0.8 million barrels of oil hedged for Weighted Average Price ( / Bbl) 108.23…
Appendix
Board of Directors and Special Board Advisors Expertise and Stewardship Board Members Professional Experience Business Expertise and Advisors - Professor Emeritus and Former Head of Dept. of Petroleum Engineering, Texas A&M University…
Proven Management Team Experienced Leadership Industry Matador Management Team Background and Prior Affiliations Experience Experience Joseph Wm. Foran - Matador Petroleum Corporation, Foran Oil Company, 33 years Since Inception…
Reserves Summary at June 30, 2013 At June 30,(1) At De ce mber 31,(1) At June 30,(1) 2013 2012 2012 Estimated proved reserves:(2) Oil (MBbl) 12,128 10,485 6,728 Natural Gas (Bcf) 160.8 80.0 73.9 T otal (MBOE)(3) 38,931 23,819…
Southwest Glasscock Ranch Buda Production History Global Geophysical 3D Seismic Survey Area Outline Dan Hughes US Enercorp Heitz 302 5H Dan Hughes Dan Hughes Lang 1H 8/1/2012 Heitz 302 3H Buchanan 1H 7/4/2012 10 mo.cum:…
Adjusted EBITDA Reconciliation The following table presents our calculation of Adjusted EBITDA and reconciliation of Adjusted EBITDA to the GAAP financial measures of net income (loss) and net cash provided by operating activities,…
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