Investor Presentaiton

Matador Federal Acreage and Permitting Update % of Total Delaware At June 30, 2020, Matador held approximately 127,600 net leasehold and mineral acres in the Delaware Basin in Eddy and Lea Counties, New Mexico and in Loving County, Texas, of which approximately 36,300 net acres, or about 28%, were on federal lands. Delaware Asset Area County Delaware Leasehold (net acres) Federal Leasehold (net acres) Leasehold Antelope Ridge Rustler Breaks Stateline Lea 16,300 8,500 7% Eddy 26,700 3,900 3% Eddy 2,800 2,800 2% Arrowhead Eddy 26,900 13,500 11% Ranger Lea 19,100 7,200 6% Twin Lakes Lea 24,500 400 Wolf/Jackson Trust Loving 10,800 Other 500 TOTAL 127,600 36,300 28% Delaware Asset Area County Undrilled Permits Approved and Received Undrilled Permits in Progress Antelope Ridge (Rodney Robinson) (1) Lea 19 2 Antelope Ridge (All other) Lea 31 10 Arrowhead Eddy 48 43 Ranger Lea 23 6 Rustler Breaks Eddy 28 35 Stateline (Boros) (1) Eddy 31 Stateline (Voni)(1) Eddy 30 1 TOTAL 210 97 (1) Does not include permits approved for eight Rodney Robinson, 13 Boros and 13 Voni wells that have already been drilled or are currently in progress.. At October 27, 2020, Matador had secured 210 federal drilling permits and has 97 additional permits currently under review by the BLM. Matador expects to have secured almost 300 approved permits to drill on its federal properties prior to the end of 2020. Matador 19 RESOURCES COMPANY

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