Annual Meeting of Shareholders June 1, 2017 NYSE: MTDR
Board of Directors Expertise and Stewardship Board Members Professional Experience Business Expertise - Vice President / Engineering and Co-founder, North Plains Energy, LLC Reynald A. Baribault Oil and Gas Exploration & - President…
Special Board Advisors and Special Advisors Expertise and Stewardship Advisors Professional Experience Business Expertise - Retired President North America, Archer Ronney F. Coleman Oilfield Services - Former Vice President North…
Shareholder Advisory Committee for Board Nominations Committee Member Professional Experience J. Barry Banker - President, Stewart Home School Craig T. Burkert - CFO, ROMCO Equipment Co. Director - Independent Business Owner…
Proven Management Team Experienced Leadership Industry Matador Management Team Background and Prior Affiliations Experience Experience Joseph Wm. Foran - Matador Petroleum Corporation, Foran Oil Company, 36 years Since Inception…
Annual Meeting of Shareholders June 1, 2017 NYSE: MTDR
Summary of Proposals Proposal 1 Election of Directors Proposal 2 Approval of Amendment to Increase the Amount of Authorized Common Stock Proposal 3 Advisory Vote on Named Executive Officer Compensation Proposal 4 Ratification…
Proposal 1 Election of Directors Director Nominees Class III Directors (Terms Expiring at 2020 Annual Meeting of Shareholders) Joseph Wm. Foran Reynald A. Baribault Class II Director (Term Expiring at 2019 Annual Meeting of…
Proposal 2 Approval of Amendment to Increase the Amount of Authorized Common Stock The Companys Certificate of Formation currently authorizes the issuance of 120 million shares of the Companys Common Stock On April 11, 2017, our…
Proposal 3 Advisory Vote on Named Executive Officer Compensation The Company seeks a non-binding advisory vote from its shareholders regarding the compensation of its Named Executive Officers as described in the Proxy Statement…
Proposal 4 Ratification of the Appointment of KPMG LLP KPMG LLP (KPMG) served as the Companys independent registered public accounting firm for the fiscal year ended December 31, 2016 The Audit Committee has appointed KPMG as the…
Summary of Proposals Proposal 1 Election of Directors Proposal 2 Approval of Amendment to Increase the Amount of Authorized Common Stock Proposal 3 Advisory Vote on Named Executive Officer Compensation Proposal 4 Ratification…
Annual Meeting of Shareholders June 1, 2017 NYSE: MTDR
Selected Financial Measures Matador Resources Company (In thousands) 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 Net (loss) incom e attributable to Matador Resources Com pany Shareholders (27,596) 7,153 6,194 3,941…
Chairmans Remarks Joseph Wm. Foran, Chairman and CEO June 1, 2017 NYSE: MTDR
Matador Has Made Tremendous Progress Since its IPO At IPO(1): February 7, 2012 Today(2) Difference Value of Midstream Business Negligible 500 million Significant 414 Bbl/d 18,300 Bbl/d Oil Production (6% oil) +44-fold (56% oil)…
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…
Delaware Basin Acreage and Asset Areas Introducing Antelope Ridge TWIN LAKES Permian acreage position includes 42,900 gross / 30,800 net acres 178,600 gross (102,300 net) acres, almost all in the Delaware Basin ARROWHEAD 50,900…
Delaware Basin Midstream Investments Have Created Significant Value San Mateo 250 Joint Venture Great Return on Midstream Investments +74 Performance 200 Incentives(4) CapEx for Assets Sold Loving County Plant(1) 150…
MTDRs Performance Has Reflected Our Progress Throughout the Cycle - MTDR among top 5 publicly traded E&P companies since February 2012 - Only 79 of 150 companies still publicly traded - Only 20 companies with positive returns Oil…
MTDR Has Outperformed Its Peers Since Analyst Day in Late March 2017 OIL Note: As of May 30, 2017 close. Peers include CRZO, CPE, FANG, PE and RSPP. (Source: Bloomberg Finance L.P.) 22
Matador Selected for Inclusion in S&P MidCap 400 Index Matador has been selected for inclusion in the S&P MidCap 400 index effective June 2, 2017 prior to the market open S&P MidCap 400 index provides investors with a benchmark for…
Operations/Financial Update and 2017 Plans Matthew V. Hairford, President David E. Lancaster, Executive Vice President and CFO June 1, 2017 NYSE: MTDR
Matador Resources Company Company Overview Market Capitalization(1) 2.4 billion Avg Daily Production Q1 2017(2) 33,000 BOE/d 38%* 15% of total production Oil (% total) 18,300 Bbl/d (56%) 60%* Almost no oil 33% of total natural…
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…
Delaware Basin Now Most Significant Component of Matadors Production Oil Production Q1 2017 Total Production Q1 2017 Natural Gas Production Q1 2017 Delaware Basin comprised 74% of Matadors total production in Q1 2017,…
Significant Delaware Basin Production Growth in Last Three Years Total Production Oil Production Delaware Basin (MBOE) Delaware Basin (MBbl) BOE Production Oil Production Average Daily Total Production Average Daily Oil…
Delaware Basin Acreage Position and Recent Operations and Results TWIN LAKES 42,900 gross / 30,800 net acres Running five rigs in Delaware Basin; added third drilling rig at Rustler Breaks in Q2 2017 ARROWHEAD 50,900 gross /…
Delaware Basin Inventory Continues to Increase Matador has identified up to 4,234 gross (1,784 net) potential locations(1) for future drilling (only locations yet to be drilled) on its Delaware Basin acreage net identified locations up…
Favorable Finding and Development Costs Compared to Permian Peers Finding and Development Costs Drill Bit Only Finding and Development Costs All-in For the Year Ended December 31, 2016 (/BOE) For the Year Ended December 31, 2016…
Technology Innovations and Continued Improvement in Best Practices Should Continue to Reduce Drilling Times in the Delaware Basin Wolfcamp A-XY Wells, Loving County, TX 2nd Bone Spring Wells, Lea County, NM 2014 Average 2014 Average…
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…
San Mateo Operations and Assets Wolf Loving County, TX Rustler Breaks Eddy County, NM - Natural gas gathering - Natural gas gathering and compression - Water gathering - Cryogenic natural gas processing plant - Salt water disposal -…
2017 Capital Investment Plan Summary We plan to continue to focus on our Delaware Basin assets and opportunities in 2017, and 93% of our capital is expected to be invested there Drilling and completing five operated Eagle Ford shale…
2017 Capital Investment Plan Summary 2017E CapEx(1) 456 to 484 million (Delaware: 4 rigs in Q1 and 5 rigs in Q2 Q4; Eagle Ford: 5 wells total) Midstream 56 to 64 million(2) Eagle Ford 13% 31 to 33 million 8% Haynesville Non-Op 3…
2017 Oil and Natural Gas Production Estimates(1) Total Oil and Natural Gas Production 2017E Oil Production 38% Growth YoY (Delaware: 4 rigs in Q1 and 5 rigs in Q2 Q4; Eagle Ford: 5 wells total) 2017E CapEx(2) (Midpoint): Estimated oil…
Matadors Financial Position Remains Strong Strong balance sheet with cash on hand of 210 million, 575 million in bonds and no borrowings under revolving credit facility at March 31, 2017 December 2016 equity and bond offerings, plus…
Hedging Profile Remainder of 2017 Hedges(1) Oil: 2.9 million barrels hedged for remainder of 2017 at weighted average floor and ceiling prices of 45/Bbl and 56/Bbl, respectively Natural Gas: 14.6 Bcf hedged for remainder of 2017 at…
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 2017 based on…
Matador Bonds Continue to Perform Very Well Issued 175 million of additional notes at 105.5% of par in December 2016 Bonds have traded very well since bond and equity offerings in December 2016 Bonds have traded above par since…
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…
Closing Remarks Joseph Wm. Foran, Chairman and CEO June 1, 2017 NYSE: MTDR
Annual Meeting of Shareholders June 1, 2017 NYSE: MTDR
Appendix
Significant Transactions in Northern Delaware Basin Since Matador/HEYCO Merger in February 2015 Over 600,000 Net Acres Matador Acreage Potash Area BC Bass Mountain Yates RKI Black Sources: RBC Capital Markets and acquiring…
Significant Transactions in Northern Delaware Basin Since Matador/HEYCO Merger in February 2015 Over 600,000 Net Acres WPX Energy Acquires RKI E&P Approx. 92,000 net acres EOG Acquires Yates Petroleum Approx. 186,000 net acres July…
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…
Annual Meeting of Shareholders June 1, 2017 NYSE: MTDR
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