Market Overview

Matador Resources Company Announces Cash Tender Offer for Its 6.875% Senior Notes Due 2023


Matador Resources Company (NYSE:MTDR) ("Matador") announced today that
it has commenced a cash tender offer to purchase any and all of its
$575 million in aggregate principal amount of outstanding 6.875% Senior
Notes due 2023 (CUSIP No. 576485AB2 / ISIN US576485AB26) (the "Notes").
The tender offer is being made on the terms and subject to the
conditions set forth in an Offer to Purchase, dated August 7, 2018 (the
"Offer to Purchase"), and related Letter of Transmittal.

The tender offer is subject to the satisfaction or waiver of certain
conditions, as described in the Offer to Purchase, including the
condition that Matador shall have received net proceeds from one or more
debt financings sufficient to repurchase all of the Notes tendered,
including the payment of all accrued and unpaid interest, and costs and
expenses incurred in connection with the tender offer, as described in
more detail in the Offer to Purchase.

Matador is offering to purchase Notes validly tendered (and not validly
withdrawn) prior to 5:00 p.m., New York City time, on August 20, 2018
unless extended (the "Expiration Time") at a price of $1,053.56 for each
$1,000 in principal amount of Notes (the "Tender Offer Consideration"),
plus accrued and unpaid interest up to, but not including, the
settlement date for the tender offer. Matador expects the settlement
date to occur on August 21, 2018. Notes validly tendered may be validly
withdrawn at any time prior to 5:00 p.m., New York City time, on
August 20, 2018 (the "Withdrawal Time"). Tendered notes may not be
validly withdrawn after the Withdrawal Time, except under certain
limited circumstances required by law.

Concurrently with the commencement of the tender offer, Matador issued a
conditional notice of redemption to holders of the Notes to redeem any
and all Notes that remain outstanding after completion of the tender
offer. The Notes will be redeemed at a redemption price equal to
105.156% of the aggregate principal amount thereof, plus accrued and
unpaid interest on the Notes redeemed to, but not including, the
redemption date, which is scheduled for September 6, 2018.

Matador has engaged BofA Merrill Lynch as the Dealer Manager for the
tender offer. BofA Merrill Lynch can be contacted at (888) 292-0070
(toll-free) and (980) 386-6026 (collect).

The complete terms and conditions of the tender offer are set forth in
the Offer to Purchase. Holders of Notes are urged to read the tender
offer documents carefully before making any decision with respect to the
tender offer. Holders may obtain copies of the Offer to Purchase and the
Letter of Transmittal from Global Bondholder Services Corporation, the
Tender and Information Agent for the tender offer, at (212) 430-3774
(brokers and banks) and (866) 807-2200 (all others; toll-free) or at

This press release is for information purposes only and is not an
offer to purchase or a solicitation of an offer to purchase with respect
to any of the Notes.
The tender offer is being made solely
pursuant to the tender offer documents, including the Offer to Purchase,
that Matador is distributing to holders of the Notes.
The tender
offer is not being made to holders of Notes in any jurisdiction in which
the making or acceptance thereof would not be in compliance with the
securities, blue sky or other laws of such jurisdiction.

Neither Matador, the Dealer Manager nor the Tender and Information
Agent, nor any other person makes any recommendation as to whether
holders of Notes should tender their Notes, and no one has been
authorized to make such a recommendation.

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, among other
things, the completion of the tender offer. 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. 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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