Year-End and Fourth Quarter 2016 Earnings Release February 22, 2017 NYSE: MTDR
Headlines and Highlights for Year-End and Fourth Quarter 2016 Record oil and total production in Q4 2016 Oil equivalent production of 30,000 BOE per day, up 2% from 29,400 BOE per day in Q3 2016 Record Quarter Oil production of 15,700…
Selected Operating and Financial Results Three Months Ended Year Ended December 31, September 30, December 31, December 31, December 31, December 31, 2016 2016 2015 2016 2015 2014 (1) Net Production Volumes: Oil production (MBbl)…
Delaware Basin Acreage Position and Recent Operations and Results TWIN LAKES Operated Activity 2016(1) 42,900 gross / 30,800 net acres 40 gross (35.6 net) wells completed and online Mallon 27 Federal Com 1H, 2H and 3H ARROWHEAD…
Midstream Joint Venture Overview February 2017 Equity: Owns 51% equity interest Equity: Owns 49% equity interest Special Distribution: Received 171.5 million Contribution: Contributed 171.5 million plus Capital Commitment of 73.5…
2016 Production Volumes At Record Levels Average Daily Oil Production Average Daily Natural Gas Production (Bbl/d) (MMcf/d) Oil up 13% in 2016. Natural Gas up 10% in 2016. Q4 2016 up 5% sequentially. 15,720 Q4 2016 down 1%…
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, March 2016 equity…
Hedging Profile Remainder of 2017 Hedges(1) Oil: 4.4 million barrels of oil hedged for remainder of 2017 at weighted average floor and ceiling prices of 45/Bbl and 56/Bbl, respectively 70% of oil hedged for remainder of 2017 Natural…
Summary and Initial 2017 Guidance (as Provided February 22, 2017) Plan to run 4 rigs in the Delaware Basin in Q1 2017 and 5 rigs in the Delaware Basin throughout the remainder of 2017 Approximately 3 rigs in Rustler Breaks, 1 rig in…