Matador Resources Company (NYSE:MTDR) Q2 2017 Earnings Conference Call - Preliminary Transcript

Aug 03, 2017 • 10:00 am ET


Matador Resources Company (NYSE:MTDR) Q2 2017 Earnings Conference Call - Preliminary Transcript


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Good morning, ladies and gentlemen. Welcome to the Second Quarter 2017 Matador Resources Company Earnings Conference Call. My name is Takiyia, and I'll be serving as the operator for today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session at the end of the company's remarks. As a reminder, this conference is being recorded for replay purposes and a replay will be available on the company's Web site through August 31, 2017, as discussed in the company's earnings press release issued yesterday.

I will now turn the call over to Mr. Mac Schmitz, Capital Markets Coordinator for Matador. Mr. Schmitz, you may proceed.

Mac Schmitz

Thank you, Takiyia. Good morning, everyone, and thank you for joining us for Matador's Second Quarter 2017 Earnings Conference Call.

Some of the presenters today will reference certain non-GAAP financial measures regularly used by Matador Resources in measuring the company's financial performance. Reconciliations of such non-GAAP financial measures with comparable financial measures calculated in accordance with GAAP are contained at the end of the company's earnings press release.

As a reminder, certain statements included in this morning's presentation may be forward-looking and reflect to the company's current expectations or forecasts of future events based on information that is now available. Actual results and future events could differ materially from those anticipated in such statements. Additional information concerning factors that could cause actual results to differ materially is contained in the company's earnings release and its most recent annual report on Form 10-K.

Finally, in addition to our earnings press release issued yesterday, I would like to remind everyone on the line that you can find a short slide presentation summarizing the highlights of our second quarter 2017 earnings release on our Web site on Presentations & Webcasts page under the Investors tab.

I would now like to call over to Mr. Joe Foran, our Chairman and CEO. Joe?

Joe Foran

Thank you, Mac, and good morning to everyone on the line, and thank you for participating in today's call. We appreciate your time and interest in Matador very much.

Now I would like to introduce the senior members of our operating staff joining me this morning, who are standing by for any questions you may have. They are Matt Hairford, President, David Lancaster, Executive Vice President and Chief Financial Officer, Craig Adams, Executive Vice President Land, Legal and Administration, Van Singleton, Executive Vice President of Land; Billy Goodwin, Senior Vice President, Operations; Brad Robinson, Senior Vice President of Reservoir Engineering and Chief Technology Officer, Gregg Krug, Senior Vice President, Marketing and Midstream, Matt Spicer, Vice President and General Manager of Midstream; Rob Macalik, Vice President and Chief Accounting Officer, Kathy Wayne, Vice President, Controller and Treasurer, Brian Willey, Vice President and Co-General Counsel, Bryan Erman, Vice President and Co-General Counsel. Ned Frost, Vice President of Geoscience; and Tom Elsener, Vice President Engineering and Asset Manager.

I'm proud to announce the second quarter of 2017 is one of the best quarters, operationally and financially