Articles from Matador Resources Company

Matador Resources Company (NYSEMTDR) (“Matador”) today announced the appointment of Paul W. Harvey to its Board of Directors (the “Board”). Mr. Harvey is the former Chief Investment Officer and Senior Portfolio Manager and current Private Wealth Advisor with Vaquero Private Wealth in Dallas, Texas. Mr. Harvey has more than four decades of investment experience as both a portfolio manager and private wealth advisor with significant experience as an investor in oil and gas, including Matador. Before joining Vaquero Private Wealth, Mr. Harvey was a Managing Director of BlackRock, Inc., leading a large team of professionals responsible for providing investment solutions to high-net-worth individuals and institutions. Previously, he served as Regional Director and Portfolio Manager with Merrill Lynch Asset Management, where he developed customized portfolios for individual clients and oversaw a regional team of portfolio managers.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release fourth quarter and full year 2024 operational and financial results after the close of trading on Tuesday, February 18, 2025. Management will also host a live conference call on Wednesday, February 19, 2025, at 9:00 a.m. Central Time to review fourth quarter and full year 2024 financial results and operational highlights. Matador also expects to release its full year 2025 operational and financial guidance in conjunction with this earnings release.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced the successful closing of its previously announced agreement whereby Matador contributed Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s 51%-owned midstream joint venture (“San Mateo”), for a total implied pre-closing valuation of Pronto of approximately $600 million. Upon completion of the transaction, San Mateo has a total estimated asset value of more than $1.5 billion net to Matador.1 Please see Matador’s December 5, 2024, press release for additional details on the transaction.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that it has executed a definitive agreement whereby Matador would contribute Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s midstream joint venture (“San Mateo”), for a total implied valuation of Pronto of approximately $600 million. At the closing of the transaction, Matador will receive an up-front cash payment of approximately $220 million for the contribution of Pronto to San Mateo. In addition, Matador may earn up to $75 million in incentive payments from Five Point Energy LLC (“Five Point”) as Matador executes its operational plans in northern Lea County, New Mexico over the next five years. San Mateo will continue to be owned 51% by Matador and 49% by an affiliate of Five Point.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that its lenders increased the borrowing base under the Company’s credit agreement by 30% from $2.50 billion to $3.25 billion. This increase of the borrowing base resulted from the regularly scheduled semi-annual borrowing base redetermination, although Matador elected to keep the borrowing commitments at $2.25 billion at present but appreciates the potential to increase its borrowings to $3.25 billion at a later date. The borrowing base increase was supported and approved by each of the 19 lenders under Matador’s credit facility.

Yesterday, on October 28, 2024, Enterprise Products Partners L.P. (“Enterprise”) announced that it had completed its acquisition of Piñon Midstream, LLC (“Piñon”). Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador’s approximate 19% ownership interest in the parent company of Piñon.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and record operating results for the third quarter of 2024, increased full-year 2024 guidance and expects to produce over 200,000 barrels of oil and natural gas equivalent (“BOE”) per day in 2025. A short slide presentation summarizing the highlights of Matador’s third quarter 2024 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that its Board of Directors revised and amended the Company’s dividend policy. Pursuant to the new policy, the Company intends to pay cash dividends on its common stock of $0.25 per share per quarter, or $1.00 per share per year, beginning in the fourth quarter of 2024, which is a 25% increase from its prior policy of $0.20 per share per quarter. The Board also declared a quarterly cash dividend of $0.25 per share of common stock to begin this quarter payable on December 6, 2024, to shareholders of record as of November 15, 2024.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2024 operational and financial results after the close of trading on Tuesday, October 22, 2024. Management will also host a live conference call on Wednesday, October 23, 2024, at 10:00 a.m. Central Time to review third quarter 2024 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced the closing of its previously announced senior notes offering and provided an operational update.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) previously announced Friday, September 20 that it priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the “Notes”) at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that it has priced a private offering of $750 million of 6.250% senior unsecured notes due 2033 (the “Notes”) at a price of 100% of their face value. The offering is expected to close on September 25, 2024, subject to customary closing conditions.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2033 (the “Notes”) in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering to repay borrowings outstanding under Matador’s credit facility, including all of the $250 million in outstanding borrowings under Matador’s term loan.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced the closing of its previously announced strategic bolt-on acquisition of a subsidiary of Ameredev II Parent, LLC (“Ameredev”) from affiliates of EnCap Investments L.P. (“EnCap”) for cash consideration of $1.832 billion, which amount is subject to customary post-closing adjustments (the “Ameredev Acquisition”). The Ameredev Acquisition includes:

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported record financial and operating results for the second quarter of 2024. A short slide presentation summarizing the highlights of Matador’s second quarter 2024 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on September 5, 2024 to shareholders of record as of August 15, 2024.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release second quarter 2024 operational and financial results after the close of trading on Tuesday, July 23, 2024. Management will also host a live conference call on Wednesday, July 24, 2024 at 10:00 a.m. Central Time to review second quarter 2024 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”). The Ameredev Acquisition also includes an approximate 19% stake in Piñon Midstream, LLC (“Piñon”), which has midstream assets in southern Lea County, New Mexico. The consideration for the Ameredev Acquisition will consist of a cash payment of $1.905 billion, subject to customary closing adjustments. Ameredev is a portfolio company of EnCap Investments L.P. (“EnCap”).

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) will hold its 2024 Annual Meeting of Shareholders on Thursday, June 13, 2024 at 9:30 a.m. Central Time.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2024. A short slide presentation summarizing the highlights of Matador’s first quarter 2024 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on June 7, 2024 to shareholders of record as of May 17, 2024.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2024 operational and financial results after the close of trading on Tuesday, April 23, 2024. Management will also host a live conference call on Wednesday, April 24, 2024 at 10:00 a.m. Central Time to review first quarter 2024 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% Senior Notes due 2026 (the “Notes”).

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that it has priced a private offering of $900 million of 6.500% senior unsecured notes due 2032 (the “New Notes”) at a price of 100% of their face value. Matador increased the size of the offering to $900 million from the previously announced $800 million. The offering is expected to close on April 2, 2024, subject to customary closing conditions.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the “2026 Notes”) with a portion of the net proceeds from Matador’s concurrent private placement of $800 million in aggregate principal amount of senior unsecured notes due 2032 (the “New Notes”), which was also announced today by Matador. The Tender Offer is being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of March 26, 2024. The Tender Offer will expire at 5:00 p.m., New York City time, on April 1, 2024 (as such time and date may be extended, the “expiration time”). Tendered 2026 Notes may be withdrawn at any time before the expiration time.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that, subject to market conditions, it intends to offer $800 million of senior unsecured notes due 2032 (the “New Notes”) in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering (i) to repurchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the “2026 Notes”) through a cash tender offer (the “Tender Offer”), and to pay related premiums, fees and expenses in connection with the Tender Offer, and (ii) for general corporate purposes, which may include the funding of acquisitions and the repayment of borrowings outstanding under Matador’s revolving credit facility. To the extent any 2026 Notes remain outstanding after the consummation of the Tender Offer, Matador intends to satisfy and discharge any remaining 2026 Notes in accordance with the terms of the indenture governing the 2026 Notes. The Tender Offer is being made solely pursuant to the terms of an offer to purchase and related notice of guaranteed delivery, each dated as of March 26, 2024.

Matador Resources Company (NYSEMTDR) (“Matador”) announced today that it has priced an underwritten public offering of 5,250,000 shares of its common stock. The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $347.3 million. The offering is expected to close on or about March 27, 2024, subject to customary closing conditions.

Matador Resources Company (NYSEMTDR) (“Matador”) announced today that it has commenced an underwritten public offering of 5,250,000 shares of its common stock.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that Matador and its lenders successfully amended the Company’s credit agreement to, among other things, (1) increase the elected commitment from $1.325 billion to $1.5 billion, (2) increase the maximum facility amount from $2.0 billion to $3.5 billion and (3) extend the maturity date by three years to 2029. Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks. These new banks are Capital One, N.A., Citizens Bank, N.A., Mizuho Bank, Ltd., The Toronto-Dominion Bank, New York Branch, and Wells Fargo Bank, N.A.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the fourth quarter and full year 2023. A slide presentation summarizing the highlights of Matador’s fourth quarter and full year 2023 earnings release and 2024 operating plan is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock payable on March 13, 2024 to shareholders of record as of February 23, 2024.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced the appointment of Ms. Susan M. Ward to its Board of Directors (the “Board”). Ms. Ward is a former 12-year Senior Executive of Shell Oil Company (“Shell”) with over 20 years of service at retirement in 2019. Her senior roles in Shell included Head, M&A and Commercial Finance for all of Shell’s businesses in the Americas; Vice President, Chief Financial Officer and Board member of Shell Midstream Partners, which she helped take public for Shell in 2014; and Vice President, Upstream Commercial Finance, Shell International Exploration & Production B.V. while based in The Hague for Royal Dutch Shell. She also served as a Board member of Shell’s deepwater drillship joint venture with Noble Corporation. Ms. Ward has been an independent, non-executive Board member of Crescent Midstream (“Crescent”) since July 2023. Crescent is an independent energy company providing offshore and onshore crude oil services in the Gulf of Mexico and Louisiana. Prior to joining Shell in 1998, Ms. Ward worked as an investment banker in the energy sector for 11 years, including as a Managing Director in the Natural Resources and Energy investment banking group of UBS Securities. She began her career working for Exxon as a refining process engineer and subsequently worked in Mobil’s Finance organization at its New York City headquarters.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release fourth quarter and full year 2023 operational and financial results after the close of trading on Tuesday, February 20, 2024. Management will also host a live conference call on Wednesday, February 21, 2024 at 10:00 a.m. Central Time to review fourth quarter and full year 2023 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced initial production results from its 21 Margarita wells that were acquired in connection with the purchase of Advance Energy Partners Holdings, LLC (“Advance”) in April 2023. In addition, Matador is pleased to announce that the lenders under San Mateo Midstream, LLC’s (“San Mateo”) revolving credit facility have increased their commitments by $50 million from $485 million to $535 million.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the third quarter of 2023. A short slide presentation summarizing the highlights of Matador’s third quarter 2023 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that its Board of Directors amended the Company’s dividend policy pursuant to which the Company intends to pay cash dividends on its common stock of $0.20 per share per quarter beginning in the fourth quarter of 2023, which is a 33% increase from its prior policy of $0.15 per share per quarter. The Board also declared a quarterly cash dividend of $0.20 per share of common stock payable on December 1, 2023, to shareholders of record as of November 10, 2023.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2023 operational and financial results after the close of trading on Tuesday, October 24, 2023. Management will also host a live conference call on Wednesday, October 25, 2023 at 10:00 a.m. Central Time to review third quarter 2023 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the second quarter of 2023. A short slide presentation summarizing the highlights of Matador’s second quarter 2023 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock payable on September 1, 2023 to shareholders of record as of August 11, 2023.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release second quarter 2023 operational and financial results after the close of trading on Tuesday, July 25, 2023. Management will also host a live conference call on Wednesday, July 26, 2023 at 10:00 a.m. Central Time to review second quarter 2023 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) will hold its 2023 Annual Meeting of Shareholders on Friday, June 9, 2023 at 9:30 a.m. Central Time.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2023. A short slide presentation summarizing the highlights of Matador’s first quarter 2023 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock payable on June 1, 2023 to shareholders of record as of May 11, 2023.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2023 operational and financial results after the close of trading on Tuesday, April 25, 2023. Management will also host a live conference call on Wednesday, April 26, 2023 at 10:00 a.m. Central Time to review first quarter 2023 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P. (“EnCap”), including Advance’s oil and natural gas producing properties, undeveloped acreage and midstream assets located in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”).

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that it has priced a private offering of $500 million of 6.875% senior unsecured notes due 2028 at a price of 98.960% of their face value. Matador increased the size of the offering from the previously announced $400 million to $500 million. The offering is expected to close on April 11, 2023, subject to customary closing conditions.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that, subject to market conditions, it intends to offer $400 million of senior unsecured notes due 2028 in a private placement to eligible purchasers. Matador intends to use the net proceeds from the offering for general corporate purposes.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the fourth quarter and full year 2022. A slide presentation summarizing the highlights of Matador’s fourth quarter and full year 2022 earnings release and 2023 operating plan is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced the promotion of Brian J. Willey to Chief Financial Officer, President of Midstream Operations and Executive Vice President, effective as of February 16, 2023. Mr. Willey will continue to serve as the President of San Mateo Midstream, LLC, Matador’s midstream joint venture, among his other duties. Mr. Willey joined Matador in February 2014 and most recently served as Matador’s President and General Counsel of Midstream Operations and Executive Vice President of Matador as well as President of San Mateo Midstream, LLC.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock payable on March 9, 2023 to shareholders of record as of February 27, 2023. In accordance with the Company’s amended dividend policy announced on December 6, 2022, this quarterly dividend of $0.15 per share is a 50% increase from the prior quarterly dividend of $0.10 per share.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release fourth quarter and full year 2022 operational and financial results after the close of trading on Tuesday, February 21, 2023. Management will also host a live conference call on Wednesday, February 22, 2023 at 10:00 a.m. Central Time to review fourth quarter and full year 2022 financial results and operational highlights and the $1.6 billion strategic bolt-on acquisition of Advance Energy Partners Holdings, LLC, which is expected to close early in the second quarter of 2023. Matador also expects to release its full year 2023 operational and financial guidance in conjunction with this earnings release.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire Advance Energy Partners Holdings, LLC (“Advance”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”). The consideration for the Advance Transaction will consist of an initial cash payment of $1.6 billion, subject to customary closing adjustments, plus additional cash consideration of $7.5 million for each month during 2023 in which the average oil price as defined in the securities purchase agreement exceeds $85 per barrel. Advance is a portfolio company of EnCap Investments L.P. (“EnCap”).

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that its Board of Directors amended the Company’s dividend policy pursuant to which the Company intends to pay cash dividends on its common stock of $0.15 per share per quarter in 2023, which is a 50% increase from its prior policy of $0.10 per share per quarter. The Company anticipates that the Board will implement such amended policy in connection with the declaration of Matador’s next quarterly dividend, which is expected during the first quarter of 2023 for a dividend to be paid during early March 2023.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the third quarter of 2022. A short slide presentation summarizing the highlights of Matador’s third quarter 2022 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on December 1, 2022 to shareholders of record as of November 10, 2022.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2022 operational and financial results after the close of trading on Tuesday, October 25, 2022. Management will also host a live conference call on Wednesday, October 26, 2022 at 9:00 a.m. Central Time to review third quarter 2022 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced (1) recent upgrades by Fitch Ratings, Inc. (“Fitch”) to the Company’s corporate credit rating and (2) $105 million in additional purchases of the Company’s outstanding senior notes.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced the recent upgrade by S&P Global Ratings (“S&P”) to the Company’s corporate credit rating.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced (1) recent upgrades by Moody’s Investors Service (“Moody’s”) to the Company’s corporate credit rating and senior unsecured notes and (2) $30 million in additional purchases of the Company’s outstanding senior notes.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the second quarter of 2022. A short slide presentation summarizing the highlights of Matador’s second quarter 2022 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on September 1, 2022 to shareholders of record as of August 17, 2022. In accordance with the Company’s amended dividend policy announced on June 10, 2022, this quarterly dividend of $0.10 per share is double the prior quarterly dividend of $0.05 per share.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release second quarter 2022 operational and financial results after the close of trading on Tuesday, July 26, 2022. Management will also host a live conference call on Wednesday, July 27, 2022 at 9:00 a.m. Central Time to review second quarter 2022 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that its Board of Directors amended the Company’s dividend policy pursuant to which the Company intends to pay quarterly cash dividends on its common stock of $0.10 per share, which is an increase from its prior policy of $0.05 per share initiated in October 2021. The Company anticipates that the Board will implement such amended policy in connection with the declaration of its next quarterly dividend, which is expected during the third quarter of 2022.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced that one of its wholly-owned subsidiaries has entered into a definitive agreement with a wholly-owned subsidiary of Summit Midstream Partners, LP (“Summit”) to acquire Summit’s Lane Gathering and Processing System (the “Lane G&P System”) in Eddy and Lea Counties, New Mexico for $75 million, subject to customary transaction adjustments. In connection with the transaction, the Company will assume certain takeaway capacity on the Double E Pipeline, a FERC-regulated natural gas pipeline operated by Summit. The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2022. A map of the Lane G&P System is included as Annex A to this press release.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) will hold its 2022 Annual Meeting of Shareholders on Friday, June 10, 2022 at 9:30 a.m. Central Time.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the first quarter of 2022. A short slide presentation summarizing the highlights of Matador’s first quarter 2022 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock payable on June 3, 2022 to shareholders of record as of May 18, 2022.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2022 operational and financial results after the close of trading on Tuesday, April 26, 2022. Management will also host a live conference call on Wednesday, April 27, 2022 at 9:00 a.m. Central Time to review first quarter 2022 financial results and operational highlights.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced its full year 2022 operating plan and market guidance. A slide presentation summarizing Matador’s 2022 operating plan and market guidance is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. In a separate press release issued today, Matador also reported its financial and operating results for the fourth quarter and full year 2021.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported financial and operating results for the fourth quarter and full year 2021. A slide presentation summarizing the highlights of Matador’s fourth quarter and full year 2021 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. In a separate press release issued today, Matador also provided its 2022 operating plan and 2022 market guidance.

Matador Resources Company (NYSEMTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock payable on March 14, 2022 to shareholders of record as of March 4, 2022.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today reported its estimated proved oil and natural gas reserves at December 31, 2021, which showed a 20% year-over-year increase in total proved reserves, including a 56% year-over-year increase in proved developed reserves, each as compared to the Company’s proved oil and natural gas reserves at December 31, 2020.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced recent upgrades by S&P Global Ratings (“S&P”) to the Company’s corporate credit rating and senior unsecured notes.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) today announced plans to release fourth quarter and full year 2021 operational and financial results after the close of trading on Tuesday, February 22, 2022. Management will also host a live conference call on Wednesday, February 23, 2022 at 9:00 a.m. Central Time to review fourth quarter and full year 2021 financial results and operational highlights. Matador also expects to release its full year 2022 operational and financial guidance in conjunction with this earnings release.

Matador Resources Company (NYSEMTDR) (“Matador” or the “Company”) announced today the promotions of Billy E. Goodwin to President - Operations and Van H. Singleton, II to President – Land, A&D and Planning, both effective March 31, 2022. Both Messrs. Goodwin and Singleton have over ten years of experience leading departments at Matador and have served on Matador’s Executive Committee since 2017. After 17 years with Matador, Matthew V. Hairford is retiring as President as of March 31, 2022, when he will be 61 years old, and is transitioning to a new role as a Special Advisor to Matador’s Board of Directors and Executive Committee. In addition, David E. Lancaster, 65, whose service to the Company dates back to 2003, has announced his plan to retire as Executive Vice President and Chief Financial Officer at the same time and is also transitioning to new duties as a Special Advisor to Matador’s Board of Directors and Executive Committee.