Investor Presentaiton
$ in millions
Updated 2020 Capital Investment Plan Summary vs. Prior Guidance
Updated 2020 CapEx Guidance(1)(2)(3) - $560 million (down $5 million vs. Prior Guidance of $565 million (4))
(Delaware: Moved from 6 to 3 operated rigs by end of Q2 2020)
Midstream
$95 million (3)
17%
Drilling, Completing,
Equipping(2)
$465 million
83%
2020E Wells Turned to Sales
Prior Guidance(4)
Updated Guidance (1)
Gross
Net
Gross
Net
Operated
53
45.2
Operated
53
45.7 +0.5
Non-
Operated
40
40
1.9
Non-
Operated
40
2.2 +0.3
-$5 million
Total
93
47.1
Total
93
47.9 +0.8
Updated 2020E CapEx(1)(2)(3) by Quarter
(Delaware: Moved from 6 to 3 operated rigs by end of Q2 2020)
Q3 2020
Q4 2020E
3
3
ā # Rigs
Q1 2020
$250
6
Q2 2020
4+
$189
$200
$20
$156
$155
$150
$33
$38
$123
$28
$100
$169
$123
$117
$50
$95
$0
Q1 2020
Actual
Q2 2020
Actual
July 28, 2020
Guidance (4)
Q3 2020
Actual
(1) At midpoint of guidance as of and as provided on October 27, 2020.
(2) Includes D/C/E capital expenditures and capital expenditures for various midstream projects; does not include any
expenditures for land or seismic acquisitions.
(3) Reflects Matador's proportionate share of capital expenditures for San Mateo and accounts for the remaining portions of
the $50 million capital carry Five Point provided as part of the San Mateo II expansion.
(4) At midpoint of guidance as of and as provided on July 28, 2020
D/C/E CapEx
Midstream CapEx
Q4 2020E up due to
timing, non-op
$92
Oct. 27, 2020
Guidance (1)
$14
$78
Matador 32
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