Third Quarter 2019 Earnings Release and Guidance Update October 29, 2019 NYSE: MTDR
Selected Operating and Financial Results Three Months Ended September 30, 2019 June 30, 2019 September 30, 2018 (1) Net Production Volumes: Oil (MBbl) 3,659 3,346 2,973 Natural gas (Bcf) 16.5 13.4 12.3 Total oil equivalent (MBOE)…
Headlines and Highlights for Third Quarter 2019 Oil production of 39,800 Bbl/d, up 8% from 36,800 Bbl/d in Q2 2019 Record Quarter Record Production Gas production of 179.2 MMcf/d, up 22% from 147.1 MMcf/d in Q2 2019 Record Quarter…
Significant Asset Growth per Share of Matador Stock In addition to 1.1 Bbl of oil and 4.7 Mcf of natural gas standing behind each share of stock, Matador has 132,700 net leasehold and mineral acres in the Delaware Basin and owns 51% of…
Q3 2019 Volumes At Record Levels Average Daily Oil Production Average Daily Total Production (Bbl/d) (BOE/d) 39,776 BOE up 14% sequentially; up 27% YoY 36,767 Oil up 8% sequentially; up 23% YoY 69,645 34,517…
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 Q3 2019 During the third quarter of 2019, the Delaware Basin accounted for 39 gross (22.6 net) wells completed and turned to sales, including 27 gross (22.2 net) operated and 12 gross (0.4 net)…
Updated 2019 Guidance (as Revised on October 29, 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 Horizontal Well Completions in 2019(1) At October 29, 2019, Matador expects to complete 86 gross (70.8 net) operated wells in 2019, including four gross (4.0 net) vertical wells, seven gross (6.9 net) Eagle Ford…
Updated 2019 Capital Investment Plan Summary (as of October 29, 2019) 2019E D/C/E CapEx Guidance of 640 to 680 million and 2019E Wells Turned to Sales Midstream CapEx Guidance of 70 to 90 million(3) Original Guidance(1) Updated…
A Step Change in Capital Efficiency: YTD Progress and Current Expectations Average Lateral Length and % of Longer Laterals CapEx per Foot(1) and Lateral Footage Turned to Sales 100% 700,000 1,700 Average Lateral Length Lateral Feet…
Significant Growth in All Parts of San Mateos Delaware Midstream Business (51% Owned by Matador) San Mateo Average Natural Gas Gathering San Mateo Average Water Disposal (MMcf/d) (MBbl/d) 250 200 190 Up 12% sequentially; Up 2%…
Hedging Profile Remainder of 2019, 2020 and 2021 Remainder of 2019, 2020 and 2021 Hedges(1) Oil (WTI) Costless Collars: 2.0 million Bbl hedged for remainder of 2019 at weighted average floor and ceiling prices of 50/Bbl and 71/Bbl,…
Reserves-Based Credit Agreement Borrowing Base Affirmed at 900 million in October 2019 Strong, supportive bank group led by Royal Bank of Canada Facility size of 1.5 billion; matures in October 2023 Borrowing base affirmed at 900…
San Mateo I Credit Facility Increased by 50 million to 375 million in October 2019 Led by The Bank of Nova Scotia and including all banks in Matadors reserves-based credit facility Covers San Mateo I only, not San Mateo II Facility…
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…
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