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 55.50 million common shares Share Price as of August 22,…
Matador Oil Facts: Second Quarter 2012 On track to double Adjusted EBITDA(1) for the second year in a row Record quarterly oil production of 285,000 Bbl, a sequential quarterly increase of 43% from 200,000 Bbl produced in first…
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…
A Year of Growth AVERAGE DAILY OIL TOTAL REALIZED (1) EQUIVALENT PRODUCTION REVENUES ADJUSTED EBITDA (INCLUDING REALIZED GAIN ON DERIVATIVES) 74.1 8,738 49.9 8,023 7,048 in millions in millions 40.8 BOE/d…
Transition to Oil TOTAL OIL PRODUCTION OIL BY VOLUME OIL BY REVENUE 285 36% 82% 74% % Total Oil and Natural Gas Revenues % Total Production Volume 200 27% Thousand Bbl 154 22% 7% 7% 6% 37 12% 12% 30 33 9%…
Financial Performance: Proven Management Team Average Daily Production Oil and Natural Gas Revenues (BOE/d) ( in mm) 10,000 40.0 8,738 36.1 CAGR: 53% 8,004 CAGR: 119% 8,000 30.0 6,000 20.9 20.0 3,729 4,000 10.0 7.5…
Strong Growth Profile Focused on Liquids Commentary Liquids Focused CapEx in 2012E 2012 Anticipated Drilling 2012E CapEx Gross Wells Net Wells (in millions) Q2 2012 oil production Total Total % Total % approximately 285,000 barrels…
Leading Eagle Ford Exposure Leverage to Eagle Ford (Net Eagle Ford Acres / EV) (Net Acres / mm) Matador offers significant leverage Capex(1) 2012ECapex 2012E %Eagle % Eagle Ford Ford and focus to the Eagle Ford SFY 48.7 78%…
Eagle Ford and Austin Chalk Properties EAGLE FORD ACREAGE TOTALS EAGLE FORD EAST Nickel Ranch 49,698 gross / 30,150 net acres Bexar 7,567 gross / 6,170 net acres Hennig San Antonio Uvalde Medina Gonzales Lewton EOG OPERATED,…
Eagle Ford Properties are in Good Neighborhoods Highlights MTDR acreage in counties with robust transaction activity good neighborhoods Transaction values ranging from 10,000 to 30,000 per acre Our Eagle Ford position has…
Emerging Multi-Pay Area in Eagle Ford Oil Fairway and MTDR Acreage San Antonio Multi-Pay Fairway with Eagle Ford, Pearsall, Austin Chalk and Buda potential OIL FAIRWAY Matador Resources Acreage DRY GAS FAIRWAY Note:…
South Texas Multi-Pay Petroleum Systems: Petroleum Charge focus towards Glasscock Ranch Redhawk Area Matador Resources Acreage Note: All acreage at June 30, 2012 Oil and Gas Fields: Olmos/Navarro Austin Chalk Edwards Buda…
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…
Wolfbone Play in the Delaware Basin (West Texas) 17 Matador Resources 42 41 40 39 38 37 42 41 40 39 38 37 4,900 gross / 2,900 net acres 43 44 45 20 46 47 48 43 44 45 46 47 19 48 CHAVES 94 22 Chesapeake Operated 29 93…
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…
Hedging Profile Oil Hedges (Costless Collars) 2H 2012 FY 2013 Total Volume Hedged by Ceiling (Bbl) 720,000 1,260,000 Weighted Average Price ( / Bbl) 110.31 110.26 Total Volume Hedged by Floor (Bbl) 720,000 1,260,000 Weighted…
Natural Gas Liquids (NGLs) Net NGL production of 163 Bbl/d and 476 Bbl/d for the first quarter and second quarter of 2012 respectively. Net NGL Production (Bbl/d) 500 476 400 300 200 163 100 0 1Q 2012 2Q 2012…
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 Currently negotiating an amended and restated credit…
Strong Growth Profile Focused on Liquids Commentary Liquids Focused CapEx in 2012E 2012 Anticipated Drilling 2012E CapEx Gross Wells Net Wells (in millions) Q2 2012 oil production Total Total % Total % approximately 285,000 barrels…
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 - Professor and Former Head of the Department of Petroleum Dr. Stephen A. Holditch…
Proven Management Team Experienced Leadership Industry Matador Management Team Background and Prior Affiliations Experience Experience Joseph Wm. Foran - Matador Petroleum Corporation, Foran Oil Company, 32 years Since Inception…
Matador Resources Snapshot Daily Production(1) 8,738 BOE/d Oil Production (% total) 3,130 Bbl/d (36%) Proved Reserves 6/30/12 19.1 Million BOE % Proved Developed 64% % Oil 35% (and growing) 2012E CapEx 313 million % Eagle Ford…
Eagle Ford and Austin Chalk Overview Acreage positioned in some of the most active counties for Eagle Ford and Proved Reserves 6/30/12 8.8 Million BOE Austin Chalk (including Chalkleford) % Proved Developed 47% Two rigs running,…
Haynesville Positioning Highlights Approximately 12,500 gross and 5,800 net acres in Haynesville Tier 1 core area Almost all prospective Haynesville acreage is HBP provides natural gas bank for future development MTDR active…
Business Strategy to Deliver Growth and Value Exploration and Development 2012E CapEx program focused on oil and liquids opportunities Balanced Portfolio Growing Eagle Ford and Delaware Basin contributes to a diversified portfolio…
Option Value in Large Unevaluated Acreage Positions Wyoming, Utah and Idaho (Meade Peak Shale) Matador Today Gross Acres(1),(2) 107,122 acres Net Acres(1),(2) 100,670 acres 2012E CapEx Budget 2.5 million Initial test well…
Selected Historical Financials (Revenues and Adjusted EBITDA in millions) Year Ended December 31, Three Months Ended June 30, 2009 2010 2011 2011 2012 Production Summary Oil Production (MBbl) 30 33 154 51 285 Gas Production (Bcf)…
Investment Highlights Strong Growth Profile with Increasing Focus on Oil / Liquids Oil production up almost five-fold in 2011 and projected to increase 8x to 9x in 2012 2012E capital expenditure program focused on oil and liquids…
Diversified Investor Composition Before July 31, 2012 Lock-up Expiration Given managements significant equity position, interests are well aligned with public shareholders Unique and diverse investor base includes institutional and…
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