Matador Resources Company (NYSE:MTDR) Q2 2018 Earnings Conference Call - Final Transcript

Aug 02, 2018 • 10:00 am ET

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Matador Resources Company (NYSE:MTDR) Q2 2018 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning, ladies and gentlemen. Welcome to the Second Quarter 2018 Matador Resources Company Earnings Conference Call. My name is Sonya, and I'll be serving as the operator for today.

(Operator Instructions)

As a reminder, this conference is being recorded for replay purposes, and a replay will be available on the company's website through August 31, 2018, 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.

Executive
Mac Schmitz

Thank you, Sonya. Good morning, everyone, and thank you for joining us for Matador's Second Quarter 2018 Earnings Conference Call. (Forward-Looking Cautionary Statements) Finally, in addition to our earnings press release issued yesterday, I would like to remind everyone on the call that you can find a short slide presentation summarizing the highlights of our second quarter 2018 earnings release on our website under the Presentations & Webcasts page on the the Investors tab. I would now like to call over to Mr. Joe Foran, our Chairman and CEO. Joe?

Executive
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 and we welcome your questions and comments.

Now I would like to introduce the executive committee of Matador who is joining me in this call this morning along with other members of our management team and senior staff who are all standing-by for your questions. They are: Matt Hairford, President; David Lancaster, Executive Vice President and Chief Financial Officer; Craig Adams, Executive Vice President, Land, Legal and Administration; Billy Goodwin, Executive Vice President and Head of Operations; Van Singleton, Executive Vice President of Land and a new Executive Vice President, Brad Robinson, of Reservoir Engineering and Chief Technology Officer Senior, congratulations, Brad.

Executive
Brad Robinson

Thank you, Joe.

Executive
Joe Foran

Now you are in a part of a sharp questioning and comments there, we are about to receive. As outlined in our earnings release yesterday the same quarter of 2018 was a very best overall quarter in Matador`s history, both operationally and financially. I want to take a moment and personally acknowledge the Matador staff for all their achievements and to recognize them, I think, for their extraordinary teamwork this past year where the teamwork among the different departments and within the departments have continued to improve and this quarter was a real example of how everybody pushed on the raw, land and legal combined to make an $80 million acquisition yesterday, production and the midstream have combined and worked together as a team. So, were not flaring any gas and just over and over the teamwork with our Maxcom program with our drilling program has been extraordinary. And so from the executive staff is that I block a shout out to the guys in the field who have really been connecting wells, working in tough weather conditions and making it all happened.

So, some very pleasing to us