First Quarter 2016 Earnings Release May 3, 2016 NYSE: MTDR
Key Accomplishments for First Quarter 2016 Oil, natural gas and total production for Q1 2016 as forecasted despite weather-related shut-ins Total BOE production of 2.2 million BOE, up 3% year-over-year (YoY) and flat sequentially Total…
Summary and 2016 Guidance (as Affirmed May 3, 2016) Plan to run 3 rigs in the Delaware Basin throughout 2016 Delaware Basin drilling expected to focus on Wolf and Rustler Breaks Wolfcamp development and further delineation of Ranger,…
Selected Operating and Financial Results Three Months Ended March 31, December 31, March 31, 2016 2015 2015 (1) Net Production Volumes: Oil production (MBbl) 1,044 1,062 1,009 Natural gas production (Bcf) 6.8 6.6 6.6 Total oil…
Q1 2016 Production Volumes Consistent with Projections Average Daily Oil Production Average Daily Natural Gas Production (Bbl/d) (MMcf/d) Oil up 3% YOY; 13,847 76.5 81.1 75.9 down 2% sequentially 12,306 12,617 Gas up 2% YOY; 73.8…
Matadors Reserves Volumes at an All-Time High at March 31, 2016 Delaware Basin 246.2 million, 24% Haynesville/CV 51.9 million, 10% Haynesville/CV Haynesville/CV 42.3 million, 8% 193.4 million, 18% Delaware Basin 314.5 million,…
Delaware Basin Acreage Position and Recent Operations and Results TWIN LAKES 42,700 gross / 30,300 net acres Recently completed Olivine State 5-16S-37E TL 1 Strawn Being completed (Twin Lakes vertical pilot hole) ARROWHEAD IP = 691…
Committed to Maintaining Strong Balance Sheet Preserved and enhanced liquidity through April 2015 equity and Senior Notes offerings, sale of certain Loving County midstream assets for 143 million(1) in October 2015 and March 2016…
Hedging Profile Remainder of 2016 Hedges(1) Oil: 1.8 million barrels of oil hedged for remainder of 2016 at weighted average floor and ceiling prices of 42/Bbl and 61/Bbl, respectively Over 50% of oil hedged for remainder of 2016…
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