Second Quarter 2016 Earnings Release August 3, 2016 NYSE: MTDR
Key Accomplishments for Second Quarter 2016 Oil, natural gas and total production grew significantly and above forecasts in Q2 2016 Oil equivalent production of 28,000 BOE per day, up 18% from 23,800 BOE per day in Q1 2016 Record…
Summary and Updated 2016 Guidance (as Revised August 3, 2016) Continue 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…
Selected Operating and Financial Results Three Months Ended June 30, March 31, June 30, 2016 2016 2015 (1) Net Production Volumes: Oil production (MBbl) 1,230 1,044 1,260 Natural gas production (Bcf) 7.9 6.8 7.0 Total oil…
Q2 2016 Production Volumes Better Than Projected Average Daily Oil Production Average Daily Natural Gas Production (Bbl/d) Number of Rigs (MMcf/d) Oil up 18% sequentially; 5 2 2 3 3 3 Gas up 17% sequentially; Record Quarter down 2%…
Matadors Reserves Volumes at an All-Time High at June 30, 2016 Delaware Basin 246.2 million, 24% Haynesville/CV 193.4 million, 18% Haynesville/CV Haynesville/CV 51.9 million, 10% 40.3 million, 9% Delaware Basin Delaware Basin…
Delaware Basin Acreage Position and Recent Operations and Results(1) TWIN LAKES Recently completed 43,500 gross / 30,400 net acres Being completed Awaiting completion Currently being drilled ARROWHEAD 47,600 gross / 16,900 net…
Improving Drilling Times in the Delaware Basin Wolfcamp A Wells, Loving County, TX Second Bone Spring Wells, Loving County, TX 2014 Average 2015 Average 2015 Average YE 2016 Planned 50 YE 2016 Planned 25 2016 YTD Average 43.0 21.8…
Midstream Business Has Experienced Strong Growth in Recent Years Longwood Pipeline System Longwood Gathering Volumes (Miles) (Mcf/d of Natural Gas / Bbl/d of Oil/Water) 100 Longwood Gathering Volume 90 60,000 6,000 Poly Pipe 80…
Hedging Profile Added additional natural gas hedges in Q2 2016 Remainder of 2016 Hedges(1) Oil: 1.2 million barrels of oil hedged for remainder of 2016 at weighted average floor and ceiling prices of 42/Bbl and 61/Bbl, respectively…