Close
❮
❯
Enverus Home
docFinder
M&A
Learn More
Videos
About Us
Contact Us
Register
Log In
Username (email)
Password
Remember Me
Forgot Password?
or
Sign Up Now!
New Search*
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Full Document
Key Slides
Matador Resources Co
|
Q1 2024 Earnings Release Presentation
| Joseph Wm. Foran | Page 30 of 11 |
May 05, 2024
Save
Email
Print
View in Results
toolButton
prevButton
nextButton
prevKeyButton
nextKeyButton
prevKeyButton
nextKeyButton
byDateAscButton
byDateDescButton
byCompanyNameAscButton
byCompanyNameDescButton
hidden
hidden
Document:
"Q1 2024 Earnings Release Presentation"
View Full Document
×
Search Selection
Search by Text
Search
Search by Slide
Search
Cross reference your docFinder results against PLS' extensive news archives.
For demo or training contact Melwyn Oommen,
melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
Legal Disclaimer
.
Next 200
First
Previous
Zoom
Next
Last
(1) As of April 23, 2024, the Company expects to achieve the high end of previous guidance range of 153,000 to 159,000 BOE per day. (2) Represents percentage change from 2023 actual results to the midpoint of 2024 guidance range, as provided on February 20, 2024. (3) Capital expenditures associated with drilling, completing and equipping wells. (4) Includes Matador’s share of estimated capital expenditures for San Mateo and other wholly-owned midstream projects, including projects completed by Pronto. Excludes the acquisition cost of Advance’s midstream assets in 2023. Assumes that Matador incurs all of Pronto’s 2024 capital expenditures and does not add a partner in Pronto. (5) Cost per completed lateral foot metric shown represents the drilling and completion (“D&C”) portion of well costs only. Excludes costs to equip wells, midstream capital expenditures, capitalized G&A or interest expenses and certain %YoY Change (2) 2024 Guidance Range Actual 2023 Results Guidance Metric + 23% 91,000 to 95,000 Bbl/d 75,457 Bbl/d Oil Production + 12% 370.0 to 386.0 MMcf/d 338.1 MMcf/d Natural Gas Production + 18% 153,000 to 159,000 BOE/d 131,813 BOE/d Oil Equivalent Production + 3% $1.10 to $1.30 billion $1.16 billion D/C/E CapEx (3) + 52% $200 to $250 million $148 million Midstream CapEx (4) + 9% $1.30 to $1.55 billion $1.31 billion Total D/C/E and Midstream CapEx ? D&C costs for operated horizontal wells expected to avg. $995 to $1,025/ft (5) - Decrease of 6% vs. 2023 ? 99% of operated wells with lateral lengths greater than one mile ? Avg. lateral length of wells turned to sales expected to be 9,100 feet Capital Efficiency ? 8 th rig in the Delaware Basin added in late January 2024 ? 128 gross (94.0 net) operated wells turned to sales in 2024E ? 143 gross (9.6 net) non-operated wells turned to sales in 2024E Development Pace 2024 Guidance (1) (As Provided on February 20, 2024) Expect to achieve high end of production guidance! (1) 30