2020 Operating Plan and Market Guidance February 25, 2020 NYSE: MTDR
2020 Priorities Positioning Matador for Sustainable Free Cash Flow MTDR Catalyst Timeline Capital Efficiency: D&C CapEx/ft 1 First Rodney Robinson wells turned to sales 1,700 Average Drilling & Completions Average Lateral Length,…
Summary and 2020 Guidance (as Provided on February 25, 2020) Six rigs operating in the Delaware Basin expect 69 gross (58.0 net) operated wells in 2020 Two to four rigs (at times) in Stateline, one to two rigs (at times) in Rustler…
Matadors 2020 Delaware Basin Operated Drilling Program Rustler Breaks 17 gross (8.7 net) wells in progress for 2020 TWIN LAKES 46,400 gross / 26,800 net acres 11 gross (5.9 net) wells turned to sales, including 6 Wolfcamp A-XY, 2…
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 and oil transportation Ten commercial SWDs (11th…
San Mateo Recent Highlights and Performance March 2020 10th commercial SWD in Eddy County, NM expected online Expect to have 13 commercial SWDs in Eddy County, NM and Loving County, TX with 335,000 Bbl/d of designed disposal capacity…
Delaware Basin Operated Well Completions in 2020 Matador plans to complete and turn to sales 69 gross (58.0 net) operated wells in 2020 Matador plans to complete five Avalon wells, one 1st Bone Spring well, 17 2nd Bone Spring wells,…
Wells Completed and Turned to Sales 2020 Estimate During full year 2020, Matador expects to complete and turn to sales 150 gross (63.6 net) wells. Matador expects the Delaware Basin to account for 145 gross (63.6 net) wells, including…
Wells Completed and Turned to Sales 2020 Estimate In 2020, Matador expects to continue transitioning its operations to longer laterals greater than one mile. 84% of Matadors gross operated horizontal wells completed and turned to sales…
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…
2020 Capital Investment Plan Summary 2020E CapEx(1)(2) 775 to 855 million 2020E D/C/E CapEx of 690 to 750 million (Delaware: six operated rigs) Continued improvement in capital efficiency expected in 2020 Midstream All Non-Op D/C/E…
2020 Oil and Natural Gas Production Estimates(1) 2020E Oil Production 16% Growth YoY Total Oil and Natural Gas Production Estimated oil production of 16.0 to 16.5 million barrels 2020E CapEx(2) (Midpoint): Natural Gas, Bcf D/C/E:…
2020E Operating Cost Estimates (Unit Costs per BOE) Matador provides the following estimated ranges for its 2020 unit operating costs as shown below 2020E 2019 Production taxes, transportation and processing 3.50 to 4.00 3.82 Lease…
2020 Total Production Forecast by Quarter(1) 2020E Quarterly Production Cadence Fewer wells completed and Minimal production impact in Q1 Production impact of Production impact of turned to sales in Q4 2019 2020 from 8 wells (including…
2020 Drilling and Capital Investment Plan(1) Matador began 2020 operating six drilling rigs in the Delaware Basin and expects to operate six drilling rigs across its various Delaware Basin asset areas throughout 2020. Expect to operate…
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 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)…
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