Matador Resources Company

Matador Resources is a publicly traded oil and gas exploration and production company focused primarily on the Delaware Basin in Southeast New Mexico and West Texas. The company is currently operating seven drilling rigs in the Delaware Basin and produced an average of 135,000 barrels of oil equivalent per day during the third quarter of 2023.

Matador has identified 4,382 gross well locations on its Delaware Basin acreage, providing it with decades of drilling inventory at its current development pace. The company estimates its properties contain over 450 million barrels of oil equivalent in proved reserves.

Matador also owns midstream assets through its 51% ownership interest in San Mateo Midstream. These midstream assets provide key infrastructure to support Matador's upstream operations in the Delaware Basin and include natural gas gathering and processing facilities as well as produced water gathering and disposal infrastructure.

The company has a strong balance sheet, with low leverage and no near-term debt maturities. Matador remains committed to returning capital to shareholders, including through a quarterly dividend that has grown steadily since it was initiated in 2021.