Investor Presentaiton
Wells Completed and Turned to Sales - 2020 Updated Guidance (1)
During full year 2020, Matador expects to complete and turn to sales 93 gross (47.9 net) wells. Matador expects the
Delaware Basin to account for 89 gross (47.9 net) wells, including 53 gross (45.7 net) operated and 36 gross (2.2 net)
non-operated wells.
■ In 2020, Matador expects to continue transitioning its operations to longer laterals greater than one mile.
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83% of Matador's gross operated horizontal wells completed and turned to sales in 2020 are expected to have lateral lengths
greater than one mile, as compared to 29% in 2019 and 9% in 2018
· 74% of Matador's gross operated horizontal wells completed and turned to sales in 2020 are expected to have lateral lengths of
two miles, as compared to 8% in 2019 and 1% in 2018
· Matador estimates its average lateral length for operated wells turned to sales in 2020 should be approximately 8,800 feet
Non-Operated
Total
Gross Operated
Well Completion Intervals
Operated
Asset/Operating Area
Gross
Net
Gross
Net
Gross
Net
Antelope Ridge
6
5.4
15
0.3
21
5.7
1-1BS, 2-2BS, 1-3BS, 1-WC A-XY, 1-WC B
Western Antelope Ridge
6
6.0
6
6.0
2-AV, 2-2BS, 2-WC A-XY
(Rodney Robinson)
Arrowhead
5
4.3
5
4.3
2-3BS, 2-WC A-XY, 1-WC B
Ranger
Rustler Breaks
13
7.8
21
1.9
34
9.7
No Ranger completions in 2020
1-1BS, 1-2BS, 1-3BS, 5-WC A-XY, 2-WC A-Lower, 3-
WC B
Stateline
13
13.0
13
13.0
1-AV, 2-2BS, 4-WC A-XY, 4-WC A-Lower, 2-WC B
Twin Lakes
No Twin Lakes completions in 2020
Wolf/Jackson Trust
10
9.2
10
9.2
3-2BS, 1-3BS-Carb, 5-WC A-XY, 1-WC A-Lower
Delaware Basin
53
45.7
36
2.2
89
47.9
Eagle Ford Shale
Haynesville Shale
Total
4
0.0
4
0.0
53
45.7
40
2.2
93
47.9
Note: WC = Wolfcamp; BS = Bone Spring; BS-Carb = Bone Spring Carbonate; AV = Avalon. For example, 1-3BS-Carb indicates one Third Bone Spring Carbonate completion and 2-AV indicates two Avalon
completions. Any "0.0" values in the table above suggest a net working interest of less than 5%, which does not round to 0.1.
(1) As of and as provided on October 27, 2020.
Matador 34
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