Matador Resources Company (NYSE:MTDR) Q3 2019 Earnings Conference Call - Final Transcript

Oct 30, 2019 • 10:00 am ET


Matador Resources Company (NYSE:MTDR) Q3 2019 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen. Welcome to the Third Quarter 2019 Matador Resources Company Earnings Conference Call. My name is Bridget, and I'll be serving as the operator for today. [Operator Instructions] We will facilitate the question-and-answer session at the end of the company's remarks. [Operator Instructions]

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

Mac Schmitz

Thank you, Bridget. Good morning, everyone, and thank you for joining us for Matador's Third Quarter 2019 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 the Company's current expectations or forecasts of future events based on the 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 recently quarterly report on Form 10-Q.

Finally, in addition to our earnings press release, I would like to remind everyone on the call that you can find a short slide presentation summarizing the highlights of our third quarter 2019 earnings release on our website on the Events and Presentations page under the Investor Relations tab.

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

Joseph Wm. Foran

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

Now I would like to introduce the executive committee, who is joining me this morning, along with other members of our management team and senior staff, who are standing by for all your questions. They are Matt Hairford, President; David Lancaster, Executive Vice President and Chief Financial Officer; Craig Adams, Executive Vice President and Chief Operating Officer, Land, Legal and Administration; Billy Goodwin, Executive Vice President and Chief Operating Officer, Drilling, Completions and Production; Van Singleton, Executive Vice President of Land; Brad Robinson, Executive Vice President of Reservoir Engineering and Chief Technology Officer; Greg Krug, Executive Vice President of Marketing and Midstream Strategy.

We also have a special guest today. We have with us Jason Thibodeaux, who is the Head of our Field Operations out there in Southeastern New Mexico and in Loving County. And Jason runs the crews that keep our production going. Good weather, bad weather, no matter what comes up, he and his crew have been there and done that and make sure that things have gone as smoothly as we could. And so Jason, thank you very much for being here,