Third Quarter 2016 Earnings Release November 1, 2016 NYSE: MTDR
Headlines and Highlights for Third Quarter 2016 Record oil, natural gas and total production in Q3 2016 Oil equivalent production of 29,400 BOE per day, up 5% from 28,000 BOE per day in Q2 2016 Record Quarter Oil production of 15,000…
Selected Operating and Financial Results Three Months Ended September 30, June 30, September 30, 2016 2016 2015 (1) Net Production Volumes: Oil production (MBbl) 1,376 1,230 1,161 Natural gas production (Bcf) 8.0 7.9 7.5 Total oil…
Q3 2016 Production Volumes Better Than Projected Average Daily Oil Production Average Daily Natural Gas Production (Bbl/d) (MMcf/d) Number of Rigs Oil up 11% sequentially; 5 2 2 3 3 3 3 Gas flat sequentially; up 19% YOY 13,847…
Matadors Proved Reserves Over 100 Million BOE at September 30, 2016 Haynesville/CV Haynesville/CV Delaware 52 million, 10% 38.5 million, 7% 246.2 million, 24% Delaware Delaware Haynesville/CV 314.5 million, 58% 387.2 million, 74%…
Delaware Basin Acreage Position and Recent Operations and Results(1) Recently completed TWIN LAKES 43,500 gross / 31,300 net acres Being completed Awaiting completion Currently being drilled ARROWHEAD 48,900 gross / 17,300 net…
Revised 2016 Capital Investment Plan Summary At November 1, 2016, we estimate our capital expenditures in 2016 to be approximately 425 to 450 million (down 7 to 12% from 2015(1)) Increases primarily associated with land and midstream…
Hedging Profile added additional hedges since Q2 2016 Remainder of 2016 Hedges(1) Oil: 0.5 million barrels of oil hedged for remainder of 2016 at weighted average floor and ceiling prices of 42/Bbl and 61/Bbl, respectively 50% of oil…
Summary and Updated 2016 Guidance (as Revised November 1, 2016) Continue to run 3 rigs in the Delaware Basin throughout 2016 (considering 4th rig at Rustler Breaks in December) Delaware Basin drilling expected to focus on Wolf and…
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