Investor Presentaiton
Delaware Basin Multi-Year Inventory of "A+ Locations"
A+
Criteria
A+
Inventory
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Future drilling locations with projected minimum 15% rate of return at $30 - $40 WTI oil and $1.75/Mcf natural gas pricing
Most A+ locations are expected to achieve EURS of at least 900,000 barrels of oil or two million BOE
Matador has identified over 1,100 gross A+ locations for future drilling on its Delaware Basin acreage (1)
Matador anticipates operating at least 517 gross operated A+ locations (2)
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Represents approximately ten years of operated inventory with a three-rig drilling program
Number of operated locations could increase significantly as operatorship is established in undeveloped units*
• Almost all intervals assume 160-acre well spacing
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Highlights
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Of these A+ locations, almost all are 1.5-mile or longer and the majority have lateral lengths of two miles or greater
Acquisition of Stateline and Rodney Robinson tracts in the September 2018 BLM lease sale added at least 86 A+
locations in proven productive formations. This number could increase significantly with future testing of new zones.
Delaware Basin A+ Locations by Formation
$30 oil / $1.75 gas
Potential
Gross Operated
A+ Locations(1)(2)
$40 oil / $1.75 gas
Total
Potential
Gross Operated
A+ Locations(1)(2)
Avalon
Ꮎ
A
Total
Gross Undrilled
A+ Locations(1)
Gross Undrilled
A+ Locations(1)
20
19
20
19
112
55
156
79
246
115
339
148
134
67
20
182
99
156
53
199
91
37
116
さな
74
47
111
38
127
51
870
384
1,139
e
#
A
A
Ф
(1) A+ engineered locations for future drilling and completion, including specified production units, costs and well spacing using objective criteria for designation. Locations identified as of June 30, 2020.
(2) Includes any identified gross locations for which Matador's working interest is expected to be at least 25%.
517
Matador 17
RESOURCES COMPANY
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1st Bone Spring
2nd Bone Spring
3rd Bone Spring
Wolfcamp A-XY
Wolfcamp A-Lower
AÐ
Θ
Wolfcamp B
(3 landing targets)
A
A
Θ
1-mileView entire presentation