Investor Presentaiton
2020 Priorities - Protecting the Balance Sheet is First Priority
Balance Sheet Improvements
1 Reducing Rig Count from 6 to 3 rigs
2 Reducing Capital Costs, G&A and LOE
3 Capital Efficiency Improvements
4 Restructured Hedge Portfolio
(5) San Mateo Performance Incentives
6 Commodity Marketing Options
(7) Non-Core Asset Divestitures
8 Monetizing Mineral Interests
San Mateo Expansion - In Service!
Greater
Stebbins Area
Rustler
Breaks
Matador Acreage as of June 30, 2020
EDDY
Stateline
-
-
New San Mateo II
Infrastructure
Expansion of gas processing
plant by additional 200 MMcf/d
Gas, oil and water gathering,
oil transportation and water
disposal infrastructure
Up to $150 million in deferred
performance incentives
Represents large-diameter natural
gas gathering lines connecting
Greater Stebbins Area and Stateline
asset area to the expanded Black
River Processing Plant
Five Significant 2020 Milestones - Timeline
Rodney Robinson wells turned to sales
Ray wells turned to sales
Leatherneck wells turned to sales
San Mateo cryogenic plant expansion
First 13 Stateline (Boros) wells turned to sales
M
2020
Q3 2020 and Beyond
Operating three rigs in
Delaware Basin
• 26 Stateline wells online
by Q2 2021
• All wells turned to sales
expected to have laterals
greater than one mile
2021 →
Improved Capital Efficiency: D&C CapEx/ft
Average Drilling &
Completions CapEx/foot, $/ft(1)
$1,800
Average
lateral length:
Average
lateral length:
Average
lateral length:
4,700'
5,700'
8,800'
$1,600
~$1,528/ft
Costs
$1,400
-24%
$1,200
$1,000
-$1,165/ft
-26%
Q3 @ $790/ft!
~$860/ft
$800
2018
2019
Period Turned to Sales
(1) Cost per foot metric shown represents the D&C portion of well costs only. Excludes costs to equip wells, midstream capital expenditures, capitalized G&A or interest expenses and certain other capital
expenditures.
(2)
2020E
Matador 11
RESOURCES COMPANY
(2) As of and as provided on October 27, 2020.View entire presentation