Company Overview

Matador Resources Company is an independent energy company primarily engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company operates within the upstream oil and gas industry, with complementary midstream operations that support its core activities. Its primary revenue is derived from the sale of crude oil, natural gas, and natural gas liquids, making commodity production the central driver of financial performance.

Founded in 2003, Matador has evolved from a small private exploration company into a publicly traded energy producer through a combination of organic drilling, acreage consolidation, and selective acquisitions. The company is known for its concentrated asset base, technical expertise in unconventional resource development, and integrated approach that combines upstream operations with midstream infrastructure through affiliated entities.

Business Operations

Matador’s operations are organized around its upstream oil and gas exploration and production activities, supported by midstream services. The company’s primary operating focus is on unconventional shale and tight-rock formations, where it applies horizontal drilling and hydraulic fracturing technologies to maximize resource recovery. Revenue is generated through the production and sale of hydrocarbons, with pricing influenced by market benchmarks and regional differentials.

In addition to its upstream assets, Matador holds significant interests in San Mateo Midstream, LLC, which provides natural gas gathering, processing, and water handling services. This midstream platform supports Matador’s operated wells and third-party customers, enhancing operational efficiency and providing an additional revenue stream. The company’s operations are almost entirely domestic, with no material international production reported in public disclosures.

Strategic Position & Investments

Matador’s strategic direction emphasizes disciplined capital allocation, operational efficiency, and focused development within its core asset areas. Growth initiatives center on optimizing drilling inventory, improving well economics, and expanding midstream infrastructure to reduce costs and improve market access. The company has historically pursued bolt-on acquisitions to consolidate acreage and enhance scale in its core operating regions.

Key investments include continued capital deployment into San Mateo Midstream, LLC, which has expanded through joint ventures and infrastructure buildouts to support long-term production growth. Matador is also exposed to emerging industry priorities such as emissions reduction, water recycling, and operational automation, integrating these practices to align with regulatory requirements and investor expectations. Data on certain long-term technology investments beyond publicly disclosed initiatives is inconclusive based on available public sources.

Geographic Footprint

Matador’s operations are concentrated in the United States, with its primary asset base located in the Permian Basin of West Texas and southeastern New Mexico, and additional operations in the Eagle Ford Shale of South Texas. These regions represent some of the most prolific and economically attractive oil and gas basins in North America.

The company is headquartered in Dallas, Texas, which serves as its corporate and operational management center. While Matador does not report international exploration or production activities, its operational footprint and infrastructure investments give it a significant presence within key U.S. energy-producing regions.

Leadership & Governance

Matador’s leadership team is characterized by long-tenured executives with technical and financial expertise in the oil and gas industry. The company emphasizes a strategy of disciplined growth, operational excellence, and shareholder value creation, as reflected in its capital allocation and development planning. Governance practices are aligned with public company standards and regulatory requirements applicable to U.S.-listed energy companies.

Key executives include:

• Joseph Wm. Foran – Chairman, President, and Chief Executive Officer
• Van H. Beckwith – Executive Vice President and Chief Financial Officer
• William S. Langin – Executive Vice President, Operations
• Timothy E. Parker – Executive Vice President, Land, Business Development, and Strategy
• Christopher P. Calvert – Executive Vice President, Marketing and Midstream

The leadership team’s strategic vision centers on focused asset development, prudent financial management, and leveraging integrated midstream capabilities to enhance long-term competitiveness.