Investor Presentaiton

San Mateo (1) Assets and Operations - "Three-Pipe" Offering Eddy County, NM Assets San Mateo MIDSTREAM Loving County, TX Assets 1 Mile Greater Stebbins Area ~43 miles Natural Gas and Oil Pipelines IN SERVICE! Rustler Breaks MTDR Acreage Existing Pipeline Recently Completed Pipeline Salt Water Disposal Well Processing Plant Processing Plant Expansion Processing Plant Expansion - IN SERVICE! Natural Gas Pipeline - IN SERVICE! Eddy Oil Central Delivery Point Loving Note: All acreage as of June 30, 2020. Some tracts not shown on map. (1) Matador owns 51% of San Mateo. Stateline Eddy Lea Reeves Wolf Loving Ward 1 Mile Natural Gas Gathering and Processing 460 MMcf/d of designed natural gas cryogenic processing capacity following plant expansion Produced Water Gathering and Disposal 13 commercial produced water disposal wells and associated facilities with designed produced water disposal capacity of 335,000 Bbl/d Oil Gathering ~400,000 acre joint development area with a subsidiary of Plains All American Pipeline, L.P. ("Plains") in Eddy County, NM ~335 Miles of Midstream Pipeline Systems Matador 27 RESOURCES COMPANY Loving

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