Investor Presentaiton
Summary and Updated 2020 Guidance
(as Provided on October 27, 2020)
■ Three rigs operating in the Delaware Basin during Q4 2020 - expect 53 gross (45.7 net) operated wells in 2020
Operating three rigs in the Delaware Basin during Q4 2020, two of which are anticipated to be operating in the Stateline
asset area
Third rig is currently drilling four additional wells on the Rodney Robinson tract in the western portion of the Antelope Ridge
asset area
Matador expects to complete and turn to sales five gross (2.7 net) operated wells in Q4 2020, all of which will be two-mile
laterals in the Rustler Breaks asset area
Non-operated drilling activity – expect 40 gross (2.2 net) wells in 2020, primarily in the Delaware Basin
■ Production expected to increase in Q4 2020
-
Oil equivalent production expected to increase 8 to 10% sequentially in Q4 2020 as the first full quarter of production is
realized from the Leatherneck wells and all of the initial 13 Boros wells
Oil and natural gas production are also expected to increase 8 to 10% sequentially in Q4 2020
Actual
2019 Results
July 28, 2020
2020 Guidance(1)
% YoY
Change(2)
Updated
2020 Guidance(3)
% YoY
Change(4)
Total Oil Production
14.0 million Bbl
15.35 to 15.65 million Bbl
+11%
15.7 to 15.8 million Bbl
+ 13%
Total Natural Gas Production
61.1 Bcf
65.5 to 68.5 Bcf
+ 10%
68.0 to 69.0 Bcf
+12%
Total Oil Equivalent Production
24.2 million BOE
26.3 to 27.1 million BOE
+ 10%
27.0 to 27.3 million BOE
+12%
D/C/E CapEx(5)
$671 million
$440 to $500 million
- 30%
$455 to $475 million
- 31%
San Mateo Midstream CapEx (6)
$77 million
$85 to $105 million
+23%
$90 to $100 million
+23%
(1) As of and as provided on July 28, 2020.
(2) Represents percentage change from 2019 actual results to the midpoint of previous 2020 guidance, as provided on July 28, 2020.
(3) As of and as provided on October 27, 2020.
(4) Represents percentage change from 2019 actual results to the midpoint of updated 2020 guidance, as provided on October 27, 2020.
(5) Capital expenditures associated with drilling, completing and equipping wells.
(6) Reflects Matador's proportionate share of capital expenditures for San Mateo, and accounts for remaining portions of the $50 million capital carry Five Point provided as part of the San Mateo Il expansion.
Matador 31
RESOURCES COMPANYView entire presentation