2012 IPAA OIL & GAS INVESTMENT SYMPOSIUM April 2012
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 55.27 million common shares Share Price as of April 10, 2012…
Matador History Predecessor Entities Matador Today Foran Oil & Matador Petroleum Matador Resources Company Founded by Joe Foran in 1983 Founded by Joe Foran in 2003 Attracted start-up capital from long-time Foran Oil funded with…
Financial Performance: Proven Management Team Average Daily Production Oil and Natural Gas Revenues (MMcfe/d) ( in mm) 50.0 80.0 42.3 67.0 40.0 CAGR: 75.7% CAGR: 87.8% 30.0 23.6 40.0 34.0 20.0 13.7 19.0 10.0 0.0 0.0 2009…
Strong Growth Profile Focused on Liquids Commentary Liquids Focused CapEx in 2012E 2012 Anticipated Drilling 2012E CapEx Approximately 88% of 2012E Gross Wells Net Wells (in millions) capital budget focused on Eagle Total Total %…
Leading Eagle Ford Exposure Leverage to Eagle Ford (Net Eagle Ford Acres / EV) (Net Acres / mm) Matador offers significant leverage 2012E Capex % Eagle Ford and focus to the Eagle Ford MTDR 48.8 84% Approximately 85% of Eagle Ford…
Eagle Ford and Austin Chalk Properties EAGLE FORD ACREAGE TOTALS 52,053 gross / 28,673 50,739 28,906 net acres EAGLE FORD EAST 6,270 gross / 4,945 6,340 4,874 net acres Lewton Lewton1H 1H EOG OPERATED, MTDR WI = 21% 23,420…
Eagle Ford Properties are Well Positioned Highlights MTDR acreage in counties with robust transaction activity good neighborhoods Transaction values ranging from 10,000 to 25,000 / acre Our Eagle Ford position has grown to…
Emerging Multi-Pay Area in Eagle Ford Oil Fairway and MTDR Acreage Multi-Pay Fairway San Antonio OIL FAIRWAY DRY GAS FAIRWAY 9
Multi-Pay Fairway: Productive and Prospective Pay Zones Navarro Historic Conventional Zones Olmos-Navarro Gas and oil fields in shallow section Austin Olmos Upper Austin horizontal drilling Fractured reservoir Buda Primarily…
South Texas Multi-Pay Petroleum Systems: Petroleum Charge focus towards Glasscock Ranch Redhawk Area Note: Information for Pearsall Oil Field sourced from public information 11
Diversified Investor Composition Given managements significant equity position, interests are well aligned with public shareholders Unique and diverse investor base includes institutional and industry shareholders with significant…
Hedging Profile Oil Hedges 2012 2013 Total Volume Hedged by Ceiling (Bbl) 1,180,000 1,260,000 Weighted Average Price ( / Bbl) 109.84 110.26 Total Volume Hedged by Floor (Bbl) 1,180,000 1,260,000 Weighted Average Price ( / Bbl)…
Financial Flexibility Plan to fund 2012 capital budget with a portion of IPO net proceeds, anticipated cash flows from operations and available borrowings under credit facility Intend to seek redeterminations of borrowing base as a…
Strong Growth Profile Focused on Liquids Commentary Liquids Focused CapEx in 2012E 2012 Anticipated Drilling 2012E CapEx Approximately 88% of 2012E Gross Wells Net Wells (in millions) capital budget focused on Eagle Total Total %…
Investment Highlights Strong Growth Profile with Increasing Focus on Oil / Liquids High Quality Asset Base in Attractive Areas Significant Multi-year Drilling Inventory Strong Financial Position and Long-Term Institutional,…
Appendix
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,…
Board of Directors and Special Board Advisors Expertise and Stewardship Board Members Professional Experience Business Expertise and Advisors Charles L. Gummer - Former Chairman, President and CEO, Comerica Bank Texas Banking…
Proven Management Team Experienced Leadership Industry Matador Management Team Background and Prior Affiliations Experience Experience Joseph Wm. Foran - Matador Petroleum Corporation, Foran Oil Company, 31 years Since Inception…
Matador Resources Snapshot Daily Production(1) 54 MMcfe/d Oil Production (% total) 3,400 Bbl/d (38%) Proved Reserves 12/31/11 193.2 Bcfe % Proved Developed 33.7% % Oil 12% (and growing) 2012E CapEx 313 million % Eagle Ford 84% %…
Eagle Ford and Austin Chalk Overview Acreage positioned in some of the most active counties for Eagle Ford and Austin Proved Reserves 12/31/11 4.7 MMBoe Chalk (including Chalkleford) Two rigs running, primarily focused on oil %…
Northwest Louisiana / East Texas Properties Overview Proved Reserves 12/31/11 164.6 Bcfe % Proved Developed 32.7% % Natural Gas 99.8% Daily Production(1) 30.8 MMcfe/d Gross Acres(2) 28,899 acres Net Acres(2) 25,339 acres…
Haynesville Positioning Highlights Approximately 12,000 gross and 5,500 net acres in Haynesville Tier 1 core area Almost all Tier 1 core acreage is HBP, as is over 90% of all prospective Haynesville acreage provides natural gas…
Business Strategy to Deliver Growth and Value Exploration and Development Dedicating approximately 94%(1) of 2012E CapEx to oil and liquids opportunities Approximately 80% of Eagle Ford and approximately 90% of Haynesville acreage…
Option Value in Large Unevaluated Acreage Positions Wyoming, Utah and Idaho (Meade Peak Shale) Matador Today Gross Acres(1)(2) 144,368 acres Net Acres(1)(2) 135,862 acres 2012E CapEx Budget 2.5 million Initial test well drilled…
Selected Historical Financials (Revenues and Adjusted EBITDA in millions) Year Ended December 31, 2009 2010 2011 Production Summary Oil Production (MBbls) 30.0 33.0 154.0 Gas Production (Bcf) 4.8 8.4 14.5 Total Annual Production…
Investment Highlights Strong Growth Profile with Increasing Focus on Oil / Liquids Oil production up almost five-fold in 2011 and projected to increase nearly 10x in 2012 94%(1) of 2012E capital expenditure program focused on oil /…
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