Year-End and Fourth Quarter 2019 Earnings Release February 25, 2020 NYSE: MTDR
Highlights for Fourth Quarter 2019 Oil production of 42,100 Bbl/d, up 6% from 39,800 Bbl/d in Q3 2019 Record Quarter Record Production Gas production of 190.0 MMcf/d, up 6% from 179.2 MMcf/d in Q3 2019 Record Quarter Total production…
Selected Operating and Financial Results Three Months Ended Year Ended December 31, September 30, December 31, December 31, December 31, December 31, 2019 2019 2018 2019 2018 2017 Net Production Volumes:(1) Oil (MBbl) 3,872 3,659…
Q4 2019 Volumes and Adjusted EBITDA(1) At Record Levels Average Daily Oil Production Average Daily Total Production (Bbl/d) (BOE/d) BOE up 6% sequentially; up 33% YoY 42,087 73,749 Oil up 6% sequentially; up 26% YoY…
A Step Change in Capital Efficiency: 2019 Results and 2020 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) 300 200 186 190 190 Up 21% sequentially; 262…
San Mateo Recent Highlights and Performance March 2020 10th commercial SWD in Eddy County, NM expected online Expects to have 13 commercial SWDs in Eddy County, NM and Loving County, TX with 335,000 Bbl/d of designed disposal capacity…
Matadors Proved Reserves 253 Million BOE at December 31, 2019(1) Reserves and Oil Production Up 65% Over Last Two Years Haynesville/CV Haynesville/CV Haynesville/CV 8.5 MMBOE, 4% 11.4 MMBOE, 8% 11.7 MMBOE, 5% Eagle Ford 12.4…
Significant Asset Growth per Share of Matador Stock In addition to 1.3 Bbl of oil and 5.4 Mcf of natural gas standing behind each share of stock, Matador has 128,200 net leasehold and mineral acres in the Delaware Basin and owns 51% of…
Delaware Basin Continuing to Deliver Strong Well Results Matador Acreage TWIN LAKES Running six rigs in Delaware Basin 46,400 gross / 26,800 net acres Rustler Breaks: One to two rigs (at times) drilling primarily Wolfcamp A-XY,…
Wells Completed and Turned to Sales Q4 2019 During the fourth quarter of 2019, the Delaware Basin accounted for 44 gross (14.8 net) wells completed and turned to sales, including 16 gross (12.4 net) operated and 28 gross (2.4 net)…
Wells Completed and Turned to Sales Full Year 2019 During the full year of 2019, Matador completed and turned to sales 172 gross (75.3 net) wells, which was an increase of 6.1 net wells, including 6.4 net additional operated wells, as…
Strong, Simple Financial Position and Significant Liquidity Strong, supportive bank group led by Royal Bank of Canada Received lenders commitment to affirm borrowing base at 900 million in February 2020 based on December 31, 2019…
Reserves-Based Credit Agreement Expanding Elected Commitment to 700 million Strong, supportive bank group led by Royal Bank of Canada Facility size of 1.5 billion; matures in October 2023 Received lenders commitment to affirm borrowing…
San Mateo I Credit Facility Increased by 50 million to 375 million in October 2019 Led by The Bank of Nova Scotia and supported by current banks in Matadors reserves-based credit facility Currently covers San Mateo I only, not San…
Hedging Profile 2020, 2021 and 2022 2020, 2021 and 2022 Hedges(1) Oil (WTI) Costless Collars: 7.2 million Bbl hedged for 2019 at weighted average floor and ceiling prices of 48/Bbl and 67/Bbl, respectively Midland-Cushing Oil Basis…
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 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…
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…
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