Second Quarter 2019 Earnings Release and Guidance Update July 31, 2019 NYSE: MTDR
Selected Operating and Financial Results Three Months Ended June 30, March 31, June 30, 2019 2019 2018 Net Production Volumes:(1) Oil (MBbl) 3,346 3,107 2,706 Natural gas (Bcf) 13.4 13.7 12.7 Total oil equivalent (MBOE) 5,577 5,395…
Headlines and Highlights for Second Quarter 2019 Operated six rigs throughout Q2 2019 with no plans to add a seventh rig to 2019 drilling program; concluded completion operations in South Texas (Eagle Ford/Austin Chalk) in early May…
Q2 2019 Oil and Oil Equivalent Volumes At Record Levels Average Daily Oil Production Average Daily Total Production (Bbl/d) (BOE/d) BOE up 2% sequentially; up 16% YoY 61,290 Oil up 7% sequentially; up 24% YoY 59,941 55,536…
Delaware Basin Acreage Position and Recent Operations and Results Matador Acreage TWIN LAKES Running six rigs in Delaware Basin 44,100 gross / 31,200 net acres Rustler Breaks: One to three rigs (at times) drilling primarily Wolfcamp…
Wells Completed and Turned to Sales Q2 2019 During the second quarter of 2019, the Delaware Basin accounted for 19 gross (15.2 net) wells completed and turned to sales, including 16 gross (15.1 net) operated and 3 gross (0.1 net)…
Updated 2019 Guidance (as Revised on July 31, 2019) Plan to run six rigs in the Delaware Basin throughout remainder of 2019 Four rigs in Rustler Breaks and Antelope Ridge, one rig in Wolf/Jackson Trust and one rig in…
Delaware Basin Operated Well Completions in 2019 Updated(1) At July 31, 2019, Matador expects to complete 85 gross (69.7 net) operated wells in 2019, including four gross (3.8 net) vertical wells, seven gross (6.9 net) Eagle Ford wells…
Updated 2019 Capital Investment Plan Summary (as of July 31, 2019) 2019E D/C/E CapEx Guidance of 640 to 680 million 2019E Wells Turned to Sales Affirmed full year 2019 D/C/E capital expenditures guidance at Original Guidance(1) Updated…
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 (tenth in progress)…
Significant Growth in Delaware Midstream Business in Last Four Years Q2 2016 Q2 2017 Q2 2018 Q2 2019 Growth(1) Designed Water Disposal 45,000 Bbl/d 95,000 Bbl/d 160,000 Bbl/d 250,000 Bbl/d 5.6x Capacity Average Water Disposed…
Hedging Profile Remainder of 2019 and 2020 Remainder of 2019 and 2020 Hedges(1) Oil (WTI) Costless Collars: 3.9 million Bbl hedged for remainder of 2019 at weighted average floor and ceiling prices of 50/Bbl and 71/Bbl, respectively;…
Reserves-Based Credit Agreement Strong, supportive bank group led by Royal Bank of Canada In October 2018, amended Credit Agreement increased facility size to 1.5 billion (from 500 million); maturity extended to October 2023 Borrowing…
San Mateo I Credit Facility Increased to 325 million in June 2019 Led by The Bank of Nova Scotia and supported by all banks in Matadors reserves-based credit facility Covers San Mateo I only, not San Mateo II Facility initially sized…
Environmental, Social and Governance (ESG) Environmental Social Governance Commitment Reducing greenhouse to a proactive safety gas (GHG) emissions Certification of code culture with a total using advanced of conduct by all…
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 (used in)…
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...
