Third Quarter 2018 Earnings Release October 31, 2018 NYSE: MTDR
Selected Operating and Financial Results Three Months Ended September 30, June 30, September 30, 2018 2018 2017 Net Production Volumes:(1) Oil (MBbl) 2,973 2,706 2,166 Natural gas (Bcf) 12.3 12.7 10.2 Total oil equivalent (MBOE)…
Headlines and Highlights for Third Quarter 2018 Daily oil and total production were record numbers in Q3 2018 and up more than expected from Q2 2018 Oil production of 32,300 Bbl per day, up 9% from 29,700 Bbl per day in Q2 2018 Record…
Q3 2018 Volumes At Record Levels Driven by Strong Delaware Production Average Daily Oil Production Average Daily Total Production (Bbl/d) (BOE/d) Oil up 9% sequentially; up 37% YoY BOE up 3% sequentially; up 30% YoY 54,625…
Committed to Maintaining Strong Balance Sheet Through the Cycles Preserved and enhanced liquidity through October 2018 Senior Notes tack-on offering, August 2018 Senior Notes Refinancing, May 2018 equity offering, October 2017 equity…
Successful Acreage Acquisitions at BLM Lease Sale Strong results from wells offsetting the acquired acreage: A Stateline Asset Area Cumulative Production Oil Eq. % ANTELOPE RIDGE Well Interval Months (BOE) Oil RUSTLER BREAKS…
Recent 2018 Key Well Results SST 6 State 123H 2nd Bone Spring TWIN LAKES 4-mo. Cum: 165 MBOE (78% oil) 45,000 gross / 32,100 net acres SST 6 State 124H 2nd Bone Spring 4-mo. Cum: 125 MBOE (81% oil) Northeast Kemnitz 233H…
Wells Completed and Turned to Sales Q3 2018 During the third quarter of 2018, the Delaware Basin accounted for 38 gross (16.9 net) wells completed and turned to sales, including 19 gross (15.0 net) operated and 19 gross (1.9 net)…
Updated 2018 Guidance (as Revised on October 31, 2018) Plan to run six rigs in the Delaware Basin and one rig in South Texas for the remainder of 2018 Three rigs in Rustler Breaks, one rig in Antelope Ridge, one rig in Wolf/Jackson…
Updated 2018 Capital Investment Plan Summary (as of October 31, 2018) February 21, 2018 August 1, 2018 October 31, 2018 2018E CapEx Guidance(1)(2) 2018E CapEx Guidance(1)(3) 2018E CapEx Guidance(1)(4) 600 to 690 to Midstream 715 to…
Updated 2018 Drilling and Capital Investment Plan We have continued to focus on our Delaware Basin assets and opportunities in 2018 and almost all of our capital through Q3 2018 has been invested there Expect to operate six rigs in the…
South Texas Asset Area Anticipated Upcoming Drilling Program Expect to drill up to 10 wells in South Texas in Q4 2018 and early 2019 Planning to run one rig in Q4 2018 and early 2019 primary focus on Eagle Ford shale Conduct first…
Amended Revolving Credit Facility Strong, supportive bank group led by Royal Bank of Canada Amended Credit Agreement increased facility size to 1.5 billion (from 500 million); maturity extended to October 2023 Borrowing base increased…
Hedging Profile Q4 2018 Hedges(1) Oil (WTI) Costless Collars: 720,000 barrels hedged for Q4 2018 at weighted average floor and ceiling prices of 44/Bbl and 60/Bbl, respectively Oil (WTI) Costless Participating Three-Way Collars(2):…
Appendix NYSE: MTDR
Adjusted EBITDA Reconciliation This 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 Companys…
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,…
Adjusted Net Income and Adjusted Earnings Per Diluted Common Share This presentation includes the non-GAAP financial measures of adjusted net income and adjusted earnings per diluted common share. These non-GAAP items are measured as…
Loading...
