First Quarter 2017 Earnings Release May 3, 2017 NYSE: MTDR
Headlines and Highlights for First Quarter 2017 Record daily oil, natural gas and total production in Q1 2017 Oil equivalent production of 33,000 BOE per day, up 10% from 30,000 BOE per day in Q4 2016 Record Quarter Oil production of…
Selected Operating and Financial Results Three Months Ended March 31, December 31, March 31, 2017 2016 2016 Net Production Volumes:(1) Oil production (MBbl) 1,649 1,446 1,044 Natural gas production (Bcf) 7.9 7.9 6.8 Total oil…
Q1 2017 Average Daily Production Volumes At Record Levels Average Daily Oil Production Average Daily Natural Gas Production (Bbl/d) (MMcf/d) Natural Gas up 19% YoY in Q1 2017 Oil up 17% sequentially in Q1 2017; 60% YOY 18,323 87.0…
Significant Delaware Basin Production Growth in Last Three Years Total Production Oil Production Delaware Basin (MBOE) Delaware Basin (MBbl) 2,208 1,412 BOE Production Oil Production 1,902 1,180 1,702 1,081 891 1,322 653 905…
Matadors Proved Reserves 117 Million BOE at March 31, 2017(1) Haynesville/CV Haynesville/CV 13.0 MMBOE, 11% Haynesville/CV 13.1 MMBOE, 12% 13.3 MMBOE, 15% Eagle Ford Eagle Ford 13.5 MMBOE, 12% Eagle Ford 13.3 MMBOE, 13% 17.3…
Committed to Maintaining Strong Balance Sheet Preserved and enhanced liquidity through December 2016 equity and senior notes offerings and February 2017 San Mateo midstream joint venture Substantial liquidity to execute planned…
Credit Agreement Status Borrowing Base Increased to 450 Million Strong, supportive bank group led by Royal Bank of Canada (group includes eight banks) Bank group increased borrowing base to 450 million in late April based on December…
Hedging Profile Remainder of 2017 Hedges(1) Oil: 3.3 million barrels hedged for remainder of 2017 at weighted average floor and ceiling prices of 45/Bbl and 56/Bbl, respectively Natural Gas: 16.7 Bcf hedged for remainder of 2017 at…
Matadors 2017 Delaware Basin Operated Drilling Plan TWIN LAKES 42,900 gross / 30,800 net acres Wolf/Jackson Trust 18 gross (12.6 net) wells in progress for 2017 ARROWHEAD 16 gross (11.6 net) wells turned to sales, including 50,900…
Summary and 2017 Guidance (as Affirmed May 3, 2017) Ran 4 rigs in the Delaware Basin in Q1 2017 and plan to run 5 rigs in the Delaware Basin from Q2 through Q4 of 2017 3 rigs in Rustler Breaks, 1 rig in Wolf/Jackson Trust and 1 rig in…