Year-End and Fourth Quarter 2015 Earnings Release February 24, 2016 NYSE: MTDR
Despite Low Commodity Prices, 2015 Was an Excellent Year for Matador Four key transactions improved our asset base and kept our balance sheet strong HEYCO merger in February 2015 added approximately 60,000 gross (20,000 net) acres in…
Key Accomplishments for Year-End and Fourth Quarter 2015 Record oil, natural gas and total production for year ended December 31, 2015, with both oil and natural gas production at or near top of 2015 upwardly revised guidance Total BOE…
Selected Operating and Financial Results Year Ended Three Months Ended December 31, December 31, December 31, December 31, September 30, December 31, 2015 2014 2013 2015 2015 2014 (1) Net Production Volumes: Oil production (MBbl)…
Record Oil, Natural Gas and Total Production in 2015 Average Daily Oil Production Average Daily Natural Gas Production (Bbl/d) (MMcf/d) 12,306 75.9 Oil production up 35% YOY. Gas production up 81% YOY. 9,095 39.8 41.9 5,843…
Delaware Basin Acreage Position and Recent Test Results TWIN LAKES 42,300 gross / 29,900 net acres Twin Lakes vertical pilot hole ARROWHEAD 47,400 gross / 16,900 net acres Hibiscus 08-19S-35E RN 124H 2nd BS Cleaning up…
Committed to Maintaining Strong Balance Sheet Preserved and enhanced liquidity through April 2015 equity and Senior Notes offerings and sale of certain Loving County midstream assets for 143 million(1) in October 2015 Substantial…
Hedging Profile Remainder of 2016 Hedges(1) Oil: 2.0 million barrels of oil hedged for remainder of 2016 at weighted average floor and ceiling prices of 44/Bbl and 65/Bbl, respectively Approximately 44% of oil hedged for remainder of…
Summary and Initial 2016 Guidance (As Provided February 3, 2016) Plan to run 3 rigs in the Delaware Basin throughout 2016, but will reduce to 2 rigs as early as Q2 2016 if oil prices drop and remain below 30 per barrel Delaware Basin…