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 55.51 million common shares Share Price as of May 31, 2012…
Matador Oil Facts 94% of 2012E capital expenditure program focused on oil and liquids exploration and development in South Texas First quarter 2012 oil production of approximately 200,000 barrels is more than all oil produced in…
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 (1) (1) Adjusted EBITDA is a non-GAAP financial measure. For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to our net income (loss) and net cash provided by operating activities, see…
Financial Performance: Proven Management Team Average Daily Production Oil and Natural Gas Revenues (MMcfe/d) ( in mm) 50.0 48.1 30.0 29.2 45.0 37.8 25.0 40.0 35.0 20.0 30.0 25.0 15.0 13.7 20.5 20.0 9.2 10.0 15.0 10.0…
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 Total Total % Total %…
Leading Eagle Ford Exposure Leverage to Eagle Ford (Net Eagle Ford Acres / EV) (Net Acres / mm) Matador offers significant leverage 2012E Capex (1) % Eagle Ford and focus to the Eagle Ford SFY 53.2 78% Approximately 90% of Eagle…
Eagle Ford and Austin Chalk Properties EAGLE FORD ACREAGE TOTALS EAGLE FORD EAST 49,700 gross / 30,152 net acres Bexar 7,569 gross / 6,172 net acres San Antonio Lewton 1H Uvalde Medina Gonzales EOG OPERATED, MTDR WI 21% 18,998…
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 as of May 31, 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…
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 Total 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, 32 years Since Inception…
Matador Resources Snapshot Daily Production(1) 48.1 MMcfe/d Oil Production (% total) 2,200 Bbl/d (27%) Proved Reserves 3/31/12 203.1 Bcfe % Proved Developed 36% % Oil 17% (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 Proved Reserves 3/31/12 6.8 MMBoe Austin Chalk (including Chalkleford) % Proved Developed 46.6% Two rigs running,…
Northwest Louisiana / East Texas Properties Overview Proved Reserves 3/31/12 161.4 Bcfe % Proved Developed 36.4% % Natural Gas 99.8% Daily Production(1) 32.6 MMcfe/d Gross Acres(2) 28,341 acres Net Acres(2) 25,070 acres…
Haynesville Positioning Highlights Approximately 12,500 gross and 5,800 net acres in Haynesville Tier 1 core area Almost all Tier 1 core acreage is HBP, as is approximately 95% of all prospective Haynesville acreage provides…
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 95% of Haynesville acreage…
Option Value in Large Unevaluated Acreage Positions Wyoming, Utah and Idaho (Meade Peak Shale) Matador Today Gross Acres(1)(2) 110,595 acres Net Acres(1)(2) 104,143 acres 2012E CapEx Budget 2.5 million Initial test well drilled…
Selected Historical Financials (Revenues and Adjusted EBITDA in millions) Year Ended December 31, Three Months Ended March 31, 2009 2010 2011 2011 2012 Production Summary Oil Production (MBbls) 30.0 33.0 154.0 19.0 200.0 Gas…
Investment Highlights Strong Growth Profile with Increasing Focus on Oil / Liquids Oil production up almost five-fold in 2011 and projected to increase nearly ten-fold in 2012 94%(1) of 2012E capital expenditure program focused on oil…
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…
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