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Investor Presentaiton

Oil Volume Hedged (MBbl) Hedging Profile - Remainder of 2020, 2021 and 2022(1) Oil Collars, Swaps, Puts ~70-75% hedged for Q4 2020 Midland-Cushing Basis Swaps V-60% hedged for Q4 2020 Natural Gas Collars ~60% hedged for Nov 2020 - Dec 2020 WTI Collars 6,000 WTI Swaps 5,000 4,000 3,039 3,000 9,000 6,240 2,040 $35 Oil Volume Hedged (MBbl) 8,000 7,000 6,000 5,000 4,000 $47 3,000 4,200 2,000 2,160 $35 $36 2,448 2,000 Swap 1,000 at 1,000 $0.61 879 $66 $48 8,400 Swap at $0.87 5,520 Natural Gas Volume Hedged (Bcf) 16.0 15.0 14.0 12.0 10.8 10.8 10.0 8.0 7.2 6.0 T Swap at $0.95 $2.45 4.0 2.0 $3.76 10.4 $2.47 $3.82 $3.60 $3.60 $3.76 -$2.44 $2.44 $2.46 3.0 $4.22 $2.60 0 0 0.0 Q4 2020 2021 Q4 2020 Prices in $/Bbl 2021 Prices in $/Bbl 2022 Nov-Dec 2020 Q1 Q2 2021 Q3 Q4 Q1 2021 2021 2021 2022 Prices in $/MMBtu (1) As of September 30, 2020. Pro forma for hedging transactions through October 2020. Matador 35 RESOURCES COMPANY
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