First Quarter 2019 Earnings Release and Capital Efficiency Report May 1, 2019 NYSE: MTDR
Selected Operating and Financial Results Three Months Ended March 31, December 31, March 31, 2019 2018 2018 (1) Net Production Volumes: Oil (MBbl) 3,107 3,080 2,382 Natural gas (Bcf) 13.7 12.2 10.2 Total oil equivalent (MBOE)…
Headlines and Highlights for First Quarter 2019 Operated six to seven rigs throughout Q1 2019; released the seventh rig in South Texas (Eagle Ford/Austin Chalk) in mid- February after drilling a nine-well program there Oil, natural gas…
Matadors Significant Executive Officer % Ownership vs. Peer Group Joseph Wm. Foran Matthew V. Hairford David E. Lancaster Craig N. Adams Billy E. Goodwin Founder, Chairman President and EVP and CFO EVP and COO EVP and COO and CEO…
Q1 2019 Volumes At Record Levels; Delaware Production Tops 50,000 BOE/d Average Daily Oil Production Average Daily Total Production (Bbl/d) (BOE/d) Oil up 3% sequentially; up 30% YoY BOE up 8% sequentially; up 32% YoY 59,941…
Committed to Maintaining Strong Balance Sheet Through the Cycles Preserved and enhanced liquidity through addition of San Mateo credit facility in December 2018, October 2018 Senior Notes tack-on offering, August 2018 Senior Notes…
Delaware Basin Acreage Position and Recent Operations and Results Matador Acreage TWIN LAKES Running six rigs in Delaware Basin 44,300 gross / 31,300 net acres Rustler Breaks: One to three rigs (at times) drilling primarily Wolfcamp…
South Texas Asset Area Q4 2018 to Q2 2019 Program Drilling operations concluded on the nine-well program (eight Eagle Ford and one Austin Chalk) in early February 2019 Seven wells have been completed and turned to sales as of May 1,…
Wells Completed and Turned to Sales Q1 2019 During the first quarter of 2019, the Delaware Basin accounted for 36 gross (13.1 net) wells completed and turned to sales, including 17 gross (11.6 net) operated and 19 gross (1.5 net)…
A Step Change in Capital Efficiency: Longer Laterals and Increased Batch Drilling Recent strategic trades and acquisitions have Average Lateral Length and % of Longer Laterals opened the door for a significant step change in 100%…
A Step Change in Capital Efficiency: Driving Down D&C CapEx per Foot(1) 600,000 1,700 Lateral Feet Turned to Sales Assumes constant Average Drilling & Completions CapEx/foot, /ft(1) (1) 530,000 Average D&C CapEx/ft rig count…
San Mateo Asset Overview Including Planned San Mateo Expansion San Mateo I (Formed February 2017): Gas processing plant 260 MMcf/d designed inlet capacity Gas, oil and water gathering Nine commercial SWDs Greater Stebbins Area…
Significant Growth in Delaware Midstream Business in Last Three Years Q1 2017 Q1 2018 Q1 2019 Growth(1) Designed Water Disposal 70,000 Bbl/d 160,000 Bbl/d 250,000 Bbl/d 3.6x Capacity Average Water Disposed 56,000 Bbl/d 100,000…
Hedging Profile Remainder of 2019 and 2020 Remainder of 2019 & 2020 Hedges(1) Oil (WTI) Costless Collars: 5.9 million Bbl hedged for remainder of 2019 at weighted average floor and ceiling prices of 50/Bbl and 71/Bbl, respectively;…
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 Matador Resources Company, Consolidated 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…
Adjusted EBITDA Reconciliation Matador Resources Company, Consolidated 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…
Adjusted EBITDA Reconciliation Matador Resources Company, Consolidated 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…
Adjusted EBITDA Reconciliation San Mateo(1) The following table presents the calculation of Adjusted EBITDA and reconciliation of Adjusted EBITDA to the GAAP financial measures of net income (loss) and net cash provided by operating…
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 net…
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