Market Overview

Matador Resources Company Announces Offering of $700 Million of Senior Notes Due 2026


Matador Resources Company (NYSE:MTDR) ("Matador") announced today that,
subject to market conditions, it intends to offer $700 million of senior
unsecured notes due 2026 in a private placement to eligible purchasers.
Matador intends to use the net proceeds from the offering to fund a
tender offer (the "Tender Offer") to purchase for cash, subject to
certain conditions, any and all of its outstanding 6.875% senior
unsecured notes due 2023 (the "Tender Notes"). The Tender Offer is being
made pursuant to an Offer to Purchase dated August 7, 2018. Matador
intends to use the remainder of the net proceeds for the redemption of
any outstanding Tender Notes, a notice of which has been released by
Matador on the date hereof, and for other general working capital needs.
The offering is not contingent on the consummation of the Tender Offer
or the tender of any minimum amount of Tender Notes.

The notes have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), or applicable state securities laws and
may not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws. The notes may be
resold by the initial purchasers pursuant to Rule 144A and Regulation S
under the Securities Act.

This press release is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation of an
offer to buy any of these securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

About Matador Resources Company

Matador is an independent energy company engaged in the exploration,
development, production and acquisition of oil and natural gas resources
in the United States, with an emphasis on oil and natural gas shale and
other unconventional plays. Its current operations are focused primarily
on the oil and liquids-rich portion of the Wolfcamp and Bone Spring
plays in the Delaware Basin in Southeast New Mexico and West Texas.
Matador also operates in the Eagle Ford shale play in South Texas and
the Haynesville shale and Cotton Valley plays in Northwest Louisiana and
East Texas. Additionally, Matador conducts midstream operations,
primarily through its midstream joint venture, San Mateo Midstream, LLC,
in support of its exploration, development and production operations and
provides natural gas processing, oil transportation services, natural
gas, oil and salt water gathering services and salt water disposal
services to third parties.

Forward-Looking Statements

This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended. "Forward-looking
statements" are statements related to future, not past, events.
Forward-looking statements are based on current expectations and include
any statement that does not directly relate to a current or historical
fact. In this context, forward-looking statements often address expected
future business and financial performance, and often contain words such
as "could," "believe," "would," "anticipate," "intend," "estimate,"
"expect," "may," "should," "continue," "plan," "predict," "potential,"
"project," "hypothetical," "forecasted" and similar expressions that are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Such
forward-looking statements include, but are not limited to, statements
about the intended use of offering proceeds and other statements that
are not historical facts. Actual results and future events could differ
materially from those anticipated in such statements, and such
forward-looking statements may not prove to be accurate. These
forward-looking statements involve certain risks and uncertainties,
including, but not limited to, the following risks related to financial
and operational performance: general economic conditions; Matador's
ability to execute its business plan, including whether its drilling
program is successful; changes in oil, natural gas and natural gas
liquids prices and the demand for oil, natural gas and natural gas
liquids; its ability to replace reserves and efficiently develop current
reserves; costs of operations; delays and other difficulties related to
producing oil, natural gas and natural gas liquids; its ability to make
acquisitions on economically acceptable terms; its ability to integrate
acquisitions; availability of sufficient capital to execute its business
plan, including from future cash flows, increases in its borrowing base
and otherwise; weather and environmental conditions; the operating
results of Matador's midstream joint venture's expansion of the Black
River cryogenic processing plant; the timing and operating results of
the buildout by Matador's midstream joint venture of oil, natural gas
and water gathering and transportation systems and the drilling of any
additional salt water disposal wells; and other important factors which
could cause actual results to differ materially from those anticipated
or implied in the forward-looking statements. For further discussions of
risks and uncertainties, you should refer to Matador's filings with the
Securities and Exchange Commission (the "SEC"), including the "Risk
Factors" section of Matador's most recent Annual Report on Form 10-K and
any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no
obligation to update these forward-looking statements to reflect events
or circumstances occurring after the date of this press release, except
as required by law, including the securities laws of the United States
and the rules and regulations of the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements are
qualified in their entirety by this cautionary statement.

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