DUG Permian Basin Conference Matthew V. Hairford May 24, 2016 NYSE: MTDR
Company Overview Exchange: Ticker NYSE: MTDR Shares Outstanding(1) 93.3 million common shares Share Price(1) 20.08/share Market Capitalization(1) 1.9 billion Actual Actual % YoY 2014 Results 2015 Results 2016 Guidance…
Matador Resources Company Operations Overview Market Capitalization(1) 1.9 billion Avg. Daily Production Q1 2016(2) 23,846 BOE/d 33% of total production Almost no oil Oil (% total) 11,473 Bbl/d (48%) 63% of total natural gas…
Delaware Basin Brushy Cyn. Understanding the Opportunities U. Avalon L. Avalon Most current unconventional plays target one or two zones across a trend area. 1st Bone Spring The Delaware Basin has over a dozen unique targets 2nd…
Matadors 2016 Delaware Basin Operated Drilling Plan: 3-Rig Case(1) TWIN LAKES 42,700 gross / 30,300 net acres Wolf/Loving Area 20 gross (16.8 net) wells planned for 2016 ARROWHEAD 18 gross (15.8 net) wells on production, including…
Single Wolfcamp B Well at Rustler Breaks Holds Up To 15 Potential Locations One producing Wolfcamp B well holds 320 surface acres and up to 15 additional potential locations for future development 320 - Acre Development Spacing…
Rustler Breaks 5 Wells Producing From 3 Zones on Multi-Well Pad West (Section 14) East (Section 13) INTER-Formational Stacked Pay 3 producing wells Multi-Well Pad 2 producing wells Gamma Ray Resistivity Bone Spring Lime Upper…
Evolution of Delaware Basin Frac Design Reservoir Specific Bone Spring 350 ft. Gen 1 Gen 2 Testing 50 ft. 2,000 lbs/ft 1,333 lbs/ft 2,100 lbs/ft Coupled 500 Mlbs 40 Bbl/ft 20 Bbl/ft 40 Bbl/ft 50 cluster 75 cluster 50 cluster…
Wolf Area Wolfcamp A-XY Wells Continue Strong Performance Across Acreage 10,000 Dorothy White 1H has produced 515 MBOE (68% oil) in 28 months Norton Schaub 84-TTT-B33 WF 201H has produced 425 MBOE (67% oil) in 21 months Billy Burt…
Rustler Breaks Wolfcamp B Wells Performing Above Expectations 10,000 Rustler Breaks 12-24S-27E RB 224H has produced 260 MBOE (41% oil) in 24 months Tiger 14-24S-28E RB 224 has produced 280 MBOE (42% oil) in 13 months Janie…
Rustler Breaks Wolfcamp A-XY Wells Performing Above Expectations 10,000 Guitar 10-24S-28E RB 202H produced 200 MBOE (76% oil) in 13 months Tiger 14-24S-28E RB 204H produced 215 MBOE (78% oil) in 10 months ScoN Walker 36-22S-27E RB…
Ranger Area Bone Spring Wells Continued Strong Performance 10,000 Ranger State 33-20S-35E RN 121H produced 250 MBOE (91% oil) in 29 months (2nd Bone Spring) Ranger State 33-20S-35E RN 122H produced 80 MBOE (91% oil) in 12 months…
DUG Permian Basin Conference Matthew V. Hairford May 24, 2016 NYSE: MTDR
Appendix
Wolf Inventory Multi-Pay Development Potential Formation Development Well Costs(1)(2) (millions) EUR(3) (MBOE) % Oil 2nd Bone Spring 4.0 5.0 400 500 50 65% Wolfcamp A-XY 5.5 6.5 650 1,100 65 80% Total Est. Full Development…
Rustler Breaks Inventory Multi-Pay Development Potential Formation Development Well Costs(1)(2) (millions) EUR(3) (MBOE) % Oil Bone Spring 3.0 4.0 300 600 80 85% Wolfcamp A-XY 5.0 6.0 600 800 80 85% Wolfcamp B 5.5 6.5 800 1,000 40…
Ranger Inventory Multi-Well Development Potential Formation Development Well Costs(1)(2) (millions) EUR(3) (MBOE) % Oil Bone Spring 4.5 6.0 400 700 90 95% Wolfcamp 6.5 8.0 200 800* 80 85% * Based on Volumetrics and 4-8% Recovery…
Arrowhead Inventory Multi-Well Development Potential Formation Development Well Costs(1)(2) (millions) EUR(3) (MBOE) % Oil Bone Spring 4.5 6.0 400 700 80 90% Wolfcamp 6.5 8.0 200 800* 80 85% * Based on Volumetrics and 4-8% Recovery…
Ranger/Arrowhead Bone Spring and Wolfcamp Development in 2016 Iggles 21 State Com 1H - Tested 1,300 BOE/d (90% oil) CTA State Com 3H, 4H, 5H, 6H - Tested avg. 956 BOE/d (85% oil) Pickard State RN 124H Gobbler 5 B2PM 1H - IP 594 BOE/d…
Testing New Oil Shale Play in Twin Lakes Prospect Pennsylvanian-Lower Wolfcamp D Oil Shale Porous Intervals 8% - One of the primary source rocks for Twin Lakes prospect area (42,700 gross and 30,300 net acres) - Super-charged area…
Adjusted EBITDA Reconciliation This investor presentation includes the non-GAAP financial measure of Adjusted EBITDA. Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of the…
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,…
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,…
PV-10 Reconciliation PV-10 is a non-GAAP financial measure and generally differs from Standardized Measure, the most directly comparable GAAP financial measure, because it does not include the effects of income taxes on future net…
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