Matador Resources Company (MTDR): Análise de Pestle [Jan-2025 Atualizada]

No cenário dinâmico da exploração de energia, a Matador Resources Company (MTDR) fica na encruzilhada da inovação, desafio e oportunidade. Esta análise abrangente de pilões revela as forças externas multifacetadas que moldam a trajetória estratégica da empresa, do terreno acidentado da bacia do Permiano até os complexos mercados de energia geopolítica. Ao dissecar dimensões políticas, econômicas, sociológicas, tecnológicas, legais e ambientais, exploraremos como o MTDR navega no intrincado ecossistema da produção moderna de petróleo e gás, revelando os fatores críticos que impulsionam sua resiliência, adaptabilidade e potencial para crescimento sustentável em uma indústria em constante evolução.

Matador Resources Company (MTDR) - Análise de Pestle: Fatores Políticos

A política energética dos EUA muda para a produção doméstica de petróleo e gás

A partir de 2024, o Departamento de Energia dos EUA relata a produção de petróleo doméstica a 13,1 milhões de barris por dia. A Matador Resources opera principalmente na Bacia do Permiano, que representa 40% do total de produção de petróleo nos EUA.

Indicador de Política	2024 Status
Alvo de produção de petróleo doméstico	13,1 milhões de barris/dia
Compartilhamento de produção da bacia do Permiano	40% da produção onshore dos EUA

Regulamentos estaduais do Texas que apoiam a exploração de petróleo e gás

A Texas Railroad Commission emitiu 2.347 licenças de perfuração no primeiro trimestre de 2024, demonstrando apoio contínuo à exploração de hidrocarbonetos.

• O Texas fornece incentivos fiscais de até US $ 200 milhões anualmente para empresas de petróleo e gás
• Os regulamentos estaduais mantêm padrões favoráveis ​​de conformidade ambiental
• Processo de permissão acelerado para projetos de exploração

Tensões geopolíticas nos mercados globais de energia

As flutuações atuais de preços globais do petróleo criam oportunidades para produtores domésticos como o MTDR. Os preços do petróleo de Brent tiveram uma média de US $ 82,50 por barril em janeiro de 2024.

Indicador geopolítico	2024 Valor
Preço médio de Brent Crude	US $ 82,50 por barril
Índice de independência energética dos EUA	98.3%

Possíveis mudanças de regulamentação federal de perfuração

O Bureau of Land Management propôs novos regulamentos de conformidade ambiental potencialmente impactando as operações de perfuração, com custos estimados de conformidade de US $ 47 milhões em todo o setor em 2024.

• Requisitos de redução de emissão de metano propostos
• Protocolos de avaliação de impacto ambiental aprimorados
• Potencial aumento da complexidade de permissão

Matador Resources Company (MTDR) - Análise de Pestle: Fatores Econômicos

Preços voláteis de petróleo e gás natural

A partir do quarto trimestre 2023, os recursos do Matador experimentaram flutuações significativas de preços:

Métrica de preços	Q4 2023 Valor	Mudança de ano a ano
Preço do petróleo bruto wti	US $ 73,47 por barril	-11.3%
HENRY HUB Preço de gás natural	US $ 2,75 por MMBTU	-44.2%

Investimento em Bacia Permiana e Eagle Ford Shale

Despesas de capital da MTDR para 2023:

Região	Investimento de capital	Porcentagem de Capex total
Bacia do Permiano	US $ 625 milhões	68%
Eagle Ford Shale	US $ 235 milhões	25%

Demanda de gás natural

Projeções do mercado de gás natural para 2024:

Métrica	2024 Previsão
Consumo de gás natural dos EUA	84,5 bilhões de pés cúbicos por dia
Taxa de crescimento projetada	2.3%

Impacto de recuperação econômica

Indicadores de desempenho financeiro do MTDR:

Métrica financeira	2023 valor
Receita total	US $ 2,1 bilhões
Resultado líquido	US $ 412 milhões
Fluxo de caixa operacional	US $ 967 milhões

Matador Resources Company (MTDR) - Análise de pilão: Fatores sociais

A crescente conscientização pública das práticas energéticas sustentáveis ​​afeta a percepção da empresa

De acordo com o Barômetro Edelman Trust de 2023, 58% dos investidores priorizam empresas com fortes compromissos ambientais, sociais e de governança (ESG). A Matador Resources reportou US $ 1,14 bilhão em receita para o terceiro trimestre de 2023, com foco crescente na redução de emissões de carbono.

Esg métrica	2022 Performance	2023 Target
Redução de emissão de metano	Redução de 22%	Redução de 30%
Taxa de reciclagem de água	65%	75%

Desafios da força de trabalho em atrair trabalhadores qualificados na indústria de petróleo e gás

O Bureau of Labor Statistics relata uma taxa de desemprego de 3,2% em engenharia de petróleo em dezembro de 2023. Os recursos do Matador alocaram US $ 12,5 milhões em 2023 para programas de treinamento e desenvolvimento da força de trabalho.

Força de trabalho demográfica	Percentagem
Engenheiros com menos de 35 anos	28%
Mulheres em papéis técnicos	16%

Relações comunitárias no Texas e Novo México crucial para o sucesso operacional

A Matador Resources investiu US $ 3,2 milhões em projetos de desenvolvimento comunitário local no Texas e no Novo México durante 2023. As contribuições fiscais locais atingiram US $ 45,7 milhões no mesmo período.

Estado	Investimento comunitário	Trabalhos locais criados
Texas	US $ 2,4 milhões	872 empregos
Novo México	US $ 0,8 milhão	276 empregos

Foco crescente na responsabilidade ambiental e na responsabilidade social corporativa

A Matador Resources comprometeu US $ 75 milhões a iniciativas de transição de energia renovável em 2023. O relatório de sustentabilidade da empresa indica uma redução de 15% na intensidade do carbono em comparação com a linha de base de 2022.

Iniciativa de RSE	2023 Investimento	Impacto
Projetos de energia renovável	US $ 75 milhões	Portfólio de energia limpa de 20%
Programas de educação comunitária	US $ 1,5 milhão	3.200 alunos alcançaram

Matador Resources Company (MTDR) - Análise de Pestle: Fatores tecnológicos

Tecnologias de perfuração horizontal avançada e fraturamento hidráulico

Os Recursos Matador implantaram 18 plataformas de perfuração horizontais em 2023, com um comprimento lateral médio de 10.500 pés. A eficiência de fraturamento hidráulica da empresa aumentou 22% em comparação com 2022, reduzindo os custos de perfuração por poço de US $ 8,2 milhões para US $ 7,1 milhões.

Métrica de tecnologia	2022 Performance	2023 desempenho	Melhoria %
Platas de perfuração horizontais	15	18	20%
Comprimento lateral médio (pés)	9,800	10,500	7.1%
Custo de perfuração por poço	$8,200,000	$7,100,000	13.4%

Tecnologias digitais de campo petrolífero

Matador investiu US $ 12,4 milhões em tecnologias digitais de campo petrolífero em 2023, implementando sistemas de monitoramento em tempo real em 87% de seus poços operacionais. A transformação digital reduziu o tempo não produtivo em 16,5%.

Métrica de tecnologia digital	2023 dados
Investimento em tecnologia digital	US $ 12,4 milhões
Poços com monitoramento em tempo real	87%
Redução no tempo não produtivo	16.5%

Análise de dados e investimentos de IA

Em 2023, o Matador alocou US $ 5,7 milhões em relação à análise de dados e tecnologias de inteligência artificial. O programa de manutenção preditivo acionado por IA reduziu as taxas de falha do equipamento em 24% e o ciclo de vida do ativo estendido em 3,2 anos.

AI e métrica de análise de dados	2023 desempenho
Investimento em AI/análise de dados	US $ 5,7 milhões
Redução da taxa de falha de equipamento	24%
Extensão do ciclo de vida do ativo	3,2 anos

Tecnologias de captura de carbono e redução de emissões

Matador comprometeu US $ 18,6 milhões às tecnologias de captura de carbono e redução de emissões em 2023. A Companhia alcançou uma redução de 19,3% nas emissões de metano e implementou sistemas de captura de carbono em 42% de seus locais operacionais.

Métrica de redução de emissões	2023 desempenho
Investimento em tecnologias de emissões	US $ 18,6 milhões
Redução de emissões de metano	19.3%
Sites com sistemas de captura de carbono	42%

Matador Resources Company (MTDR) - Análise de Pestle: Fatores Legais

Conformidade com regulamentos ambientais e requisitos de permissão

A partir de 2024, a Matador Resources Company obteve 127 licenças de perfuração ativa no Texas e no Novo México. A empresa investiu US $ 3,2 milhões em sistemas de infraestrutura e monitoramento de conformidade ambiental.

Categoria regulatória	Status de conformidade	Custo anual de conformidade
Lei do Ar Limpo da EPA	Conformidade total	US $ 1,7 milhão
Gerenciamento de recursos hídricos	Compatível com certificação	US $ 1,5 milhão
Regulamentos de descarte de resíduos	Zero violações	$620,000

Litígios em andamento e desafios regulatórios

Em 2024, a Matador Resources está gerenciando 3 processos legais ativos relacionados a reivindicações ambientais, com potencial exposição total de US $ 12,4 milhões.

Tipo de litígio	Número de casos	Despesas legais estimadas
Reivindicações de danos ambientais	2	US $ 7,6 milhões
Disputas de uso da terra	1	US $ 4,8 milhões

Aderência aos padrões de relatórios e governança corporativa da SEC

A Matador Resources manteve 100% de conformidade com os requisitos de relatórios da SEC, com zero violações regulatórias nos últimos 3 anos consecutivos.

Métrica de relatório	Taxa de conformidade	Descobertas de auditoria
Relatórios financeiros anuais	100%	Sem fraquezas materiais
Divulgações trimestrais	100%	Opiniões não qualificadas

Riscos legais potenciais relacionados à proteção ambiental e uso da terra

A Matador Resources identificou 6 áreas de risco legal potencial em proteção ambiental, com estratégias de mitigação orçadas em US $ 5,9 milhões para 2024.

• Potencial de contaminação das águas subterrâneas
• Interrupção do habitat em zonas de perfuração
• Regulamentos de emissão de metano
• Proteção de espécies ameaçadas de extinção
• Requisitos de recuperação de terras
• Conformidade de emissão de carbono

Categoria de risco	Orçamento de mitigação	Probabilidade de desafio legal
Proteção das águas subterrâneas	US $ 1,2 milhão	Médio
Conservação do habitat	US $ 1,7 milhão	Baixo
Conformidade de emissão	US $ 3 milhões	Alto

Matador Resources Company (MTDR) - Análise de Pestle: Fatores Ambientais

Compromisso em reduzir as emissões de carbono e a intensidade do metano

O Matador Resources relatou uma redução de 33% na intensidade do metano de 2021 para 2022. A intensidade das emissões de gases de efeito estufa da empresa foi de 0,23 toneladas de CO2 equivalente por barril de petróleo equivalente (MtCo2E/BOE) em 2022.

Métrica de emissões	2021 Valor	2022 Valor	Redução percentual
Intensidade do metano	0,35 mtco2e/boe	0,23 mtco2e/boe	33%

Implementando estratégias de gerenciamento e reciclagem de água

Em 2022, Matador reciclou 100% da água produzida na bacia de Delaware. O volume total de reciclagem de água atingiu 2,3 ​​milhões de barris, representando um esforço significativo de conservação de água.

Métrica de gerenciamento de água	2022 Valor
Produzido água reciclada	2,3 milhões de barris
Porcentagem de reciclagem	100%

Concentre -se em minimizar a pegada ambiental em exploração e produção

Matador implementou tecnologias avançadas para reduzir a perturbação da superfície. Em 2022, a empresa alcançou uma média de 2,5 poços por bloco, reduzindo o uso da terra e o impacto ambiental.

Métrica de eficiência do uso da terra	2022 Valor
Poços por bloco	2.5
Redução de perturbação da terra	Minimizada através da estratégia de blocos de vários poços

Investimento em energia renovável e práticas sustentáveis

Matador investiu US $ 12,5 milhões em tecnologias de redução de infraestrutura e emissões sustentáveis ​​em 2022. A empresa se comprometeu a reduzir as emissões de carbono em 50% até 2030.

Investimento de sustentabilidade	2022 Valor
Investimento de infraestrutura sustentável	US $ 12,5 milhões
Alvo de redução de emissões de carbono	50% até 2030

Abordagem proativa dos esforços de conformidade e conservação ambientais

Matador recebeu zero violações ambientais em 2022 e manteve total conformidade com a EPA e as regulamentações ambientais do estado em todas as regiões operacionais.

Métrica de conformidade ambiental	2022 Valor
Violações ambientais	0
Conformidade regulatória	100%

Matador Resources Company (MTDR) - PESTLE Analysis: Social factors

Growing investor demand for transparent Environmental, Social, and Governance (ESG) reporting.

You are defintely seeing a clear shift in how investors assess energy companies, moving beyond just quarterly earnings to demand verifiable ESG (Environmental, Social, and Governance) performance. This isn't a niche concern anymore; it's a core valuation driver. Matador Resources Company responds to this by aligning its reporting with the industry-specific Sustainability Accounting Standards Board (SASB) metrics, which gives analysts the precise, comparable data they need.

The company's Board of Directors has an Environmental, Social and Corporate Governance Committee that oversees these efforts, showing a formal commitment at the highest level. For example, their ESG framework, last updated in August 2025, highlights specific social goals and achievements, which is what large institutional investors want to see. This transparency helps mitigate risk and can lead to a lower cost of capital.

Matador Resources Company - Key Social ESG Metrics (2025 Framework)	Metric/Amount	Significance
Local Employment Rate	85%	Strong commitment to local workforce development.
Community Investment	$2.5 million	Direct financial contribution to operating communities.
Employee Training Hours	15,000+	Investment in safety and skill development.

Increased local community opposition to hydraulic fracturing near residential areas.

The primary social risk for Matador Resources Company in 2025 isn't just the drilling itself, but the disposal of produced water (a byproduct of hydraulic fracturing). In the Permian Basin, where Matador Resources Company operates extensively, the Railroad Commission of Texas (RRC) has warned of a widespread increase in underground pressure from wastewater injection. Honestly, this is a massive social issue because it directly threatens the public interest.

Landowners and activists have raised concerns that this pressure is causing toxic leaks and risks contaminating drinking supplies for both people and livestock. So, while Matador Resources Company's drilling and completion costs per lateral foot actually decreased by roughly 3% in Q1 2025 to $880, the regulatory restrictions imposed by the RRC in response to this social and environmental pressure will likely increase overall operational costs as producers are forced to haul water farther or invest more in recycling.

The social license to operate is directly tied to managing this wastewater safely.

Talent shortage for skilled oilfield workers drives up compensation and operational costs.

The Permian Basin labor market remains extremely tight in 2025, creating a job seeker's market for skilled oilfield workers. This shortage directly impacts Matador Resources Company's operational costs and ability to execute its drilling program efficiently. You have to pay up for talent, plain and simple.

The average annual wage for the Crude Petroleum Extraction sector nationwide was $227,080 in 2024, an increase of $4,389 from the prior year. For Natural Gas Extraction, the average wage jumped by $10,740 to $176,800. This upward wage pressure is clear.

In the Texas upstream sector, job postings in March 2025 showed a median salary of $60,000, but a significant 26% of postings offered salaries between $90,000 and $500,000 for specialized roles. This forces Matador Resources Company to offer competitive compensation packages, including equity incentive plans and discretionary bonuses, to retain its workforce.

Focus on local hiring and community investment to maintain operating social license.

Matador Resources Company actively works to maintain its social license (the unwritten permission from the local community to operate) by focusing on local economic benefit. This is a pragmatic business strategy, not just philanthropy.

Their commitment is quantified in their ESG reporting:

• Achieve a local employment rate of 85% to ensure the economic benefits of their operations stay within the communities where they drill.
• Maintain a Community Investment of $2.5 million to support local initiatives and infrastructure.
• Run a large internship program, hosting 30 people in 2025, to build a long-term, locally-sourced talent pipeline.

They also invest heavily in employee development, requiring a minimum of 40 hours of continuous education annually per employee, a figure they have historically exceeded. This focus on local hiring and development is a direct countermeasure to the social friction that can arise from outside companies operating in a region.

Matador Resources Company (MTDR) - PESTLE Analysis: Technological factors

Technology is not just a buzzword for Matador Resources Company; it is the core driver of their industry-leading capital efficiency and production growth. You need to focus on how their application of advanced drilling, completion, and environmental technologies directly translates into lower costs and higher ultimate recovery.

Their integrated approach, blending advanced geology with real-time operational data, is why they are consistently one of the highest-margin operators in the Delaware Basin. Honestly, this is where the money is made in unconventional plays.

Adoption of enhanced oil recovery (EOR) techniques to boost recovery factors in mature fields

For an unconventional operator like Matador Resources Company, the primary form of Enhanced Oil Recovery (EOR) is actually advanced completion design, not traditional $\text{CO}_2$ or steam floods. They are effectively maximizing the initial recovery factor through sheer technical scale and precision.

The key is pushing the boundaries of the lateral length and optimizing the fracture network. In the first quarter of 2025, Matador turned to sales its first 3-mile lateral wells, demonstrating a commitment to maximizing reservoir contact from a single pad. This technological push, combined with multi-zone completions across the Wolfcamp and Bone Spring formations, is how they access more hydrocarbons per well, reducing the need for new surface infrastructure.

Here's the quick math on inventory: Matador estimates their current inventory of high-return locations in the Delaware Basin provides a 10 to 15 year drilling runway, with average rates of return in excess of 50\% at conservative commodity prices.

Digitalization of drilling operations using AI to optimize well placement and reduce non-productive time

Matador Resources Company's operational efficiency is defintely a direct result of digitalization, even if they call it MaxCom well targeting and geosteering. Their MAXCOM Operations Center provides 24/7 engineering support, which is essentially a centralized, data-driven hub for real-time decision-making, optimizing the well path to stay within the most productive rock layer.

This digital oversight, combined with advanced completion techniques like trimul-frac (fracturing three wells simultaneously), has led to significant cost reductions in 2025. This is a clear, actionable metric for the value of technology.

Metric	2024 Average	Q3 2025 Performance	Technological Impact
Drilling & Completion Cost per Completed Lateral Foot	\$908	Approximately \$855	6\% Cost Reduction
Overall Completion Efficiency (Time Required)	Base (100\%)	20\% Increase	Faster time-to-production

Reducing costs by \$53 per completed lateral foot is a massive win that flows straight to the bottom line.

Increased use of recycled water and non-potable sources for fracturing operations

Water management technology is a critical factor in the arid Delaware Basin, and Matador Resources Company has made a strategic commitment to non-fresh water sources. This reduces both environmental risk and operating costs, as trucking and disposal of produced water are expensive.

Their midstream subsidiary, San Mateo Midstream, is the technological enabler, providing the infrastructure for water gathering, recycling, and disposal. This system's disposal capacity was expanded to 475,000 Bbl per day as of May 2025, showing the scale of the operation.

The latest comprehensive data shows the success of this strategy:

• 97\% of total water consumed in operations was non-fresh water.
• 89\% of completed wells utilized recycled produced water.
• Recycled water accounted for 44\% of the total fluid volume used in hydraulic fracturing.

Using produced water from existing Matador and third-party wells, treating it, and then reusing it in new completions saves significant fresh water resources. That's a clear competitive advantage in a water-constrained region.

Deployment of continuous emissions monitoring systems (CEMS) for regulatory compliance

While the company does not explicitly detail a full-scale CEMS deployment, their regulatory compliance technology focuses on mitigating emissions at the source. Following a 2023 consent decree, Matador agreed to implement and monitor new tank pressure monitoring systems to curb emissions, spending over \$5 million on these improved operations and environmental projects. This is their real-time technological solution for compliance.

This focus on process and infrastructure-like connecting production facilities to grid power and utilizing electric motor-driven compression-has delivered measurable results in emissions intensity:

• Direct greenhouse gas emissions intensity was reduced by 55\% from 2019 through 2023.
• Methane emissions intensity was reduced by 70\% over the same period.

The technology here is about process control and infrastructure, not just sensors. Matador's midstream assets, like the San Mateo system, also play a crucial role by gathering natural gas via pipe, which is a far more reliable method than flaring or venting, reducing $\text{E}\&\text{P}$ direct greenhouse gas intensity by 58\% from 2019 through 2023.

Matador Resources Company (MTDR) - PESTLE Analysis: Legal factors

Compliance with stringent new federal rules on flaring and venting of natural gas.

The regulatory landscape for methane emissions is still in flux, but the cost of non-compliance for Matador Resources Company is clear and rising. The U.S. Environmental Protection Agency (EPA) finalized new rules (NSPS OOOOb/EG OOOOc) in 2024, but compliance deadlines for certain provisions, like net heating value monitoring of flares, were extended in July 2025, creating near-term uncertainty. Still, the risk is real, as demonstrated by Matador Production Company's settlement with the EPA and the New Mexico Environment Department (NMED) for past Clean Air Act violations.

That 2023 settlement required Matador to pay a civil penalty of $1.15 million and spend no less than $1.25 million on a supplemental environmental project, totaling a financial impact of $2.5 million, plus the costs of extensive operational upgrades across 239 well pads in New Mexico. This action alone is expected to result in a reduction of over 16,000 tons of air pollutants. You need to budget for the new Waste Emissions Charge (WEC) from the Inflation Reduction Act, which, despite a Congressional delay on collection until 2034, still sets a clear price signal: the charge for emissions exceeding statutory thresholds is set to increase to $1,200/tonne for 2025 emissions, up from $900/tonne in 2024. That's a significant financial incentive to eliminate flaring.

Ongoing litigation risk related to water rights and surface access in the Permian Basin.

Operating in the Permian Basin means navigating a complex legal maze of land and water rights, which directly impacts drilling economics. A major legal clarity came in mid-2025 when the Texas Supreme Court ruled in Cactus v. COG, confirming that the oil and gas lessee-not the surface owner-owns the produced water, unless explicitly stated otherwise in the lease. This ruling is a huge win for operators like Matador Resources Company, who rely on produced water for hydraulic fracturing or disposal, as it reduces legal ambiguity and the risk of costly disputes over this valuable resource.

However, other lease-related litigation risks remain. Matador has been involved in disputes, such as the MRC Permian Co. case concerning the application of a force majeure (unforeseen event) clause to extend a drilling deadline. These contractual disagreements can halt operations and increase legal spend. The key takeaway is that while produced water ownership is settled, the fine print of every lease is a potential litigation trigger.

Strict adherence to Occupational Safety and Health Administration (OSHA) standards to avoid penalties.

Safety compliance is non-negotiable, and the financial stakes are higher in 2025. The U.S. Department of Labor adjusted OSHA civil penalties for inflation, with the new amounts applicable to citations issued after January 15, 2025. For an active drilling and completion program like Matador's-which planned a capital spending budget of $1.275 billion in 2025-a single, serious incident can now carry a much larger fine.

Here's the quick math on the increased exposure:

Violation Type	Maximum Penalty (2024)	Maximum Penalty (2025)
Serious / Other-than-Serious	$16,131	$16,550
Willful or Repeated	$161,323	$165,514

A repeat violation can cost over $165,000. You defintely want to ensure your safety protocols are not just compliant on paper but rigorously enforced in the field to avoid these maximum penalties, which are designed to be a strong deterrent.

Need to secure right-of-way agreements for new pipeline infrastructure expansion.

Matador Resources Company's strategy includes a significant midstream component, which is critical for their forecast of producing a record average of at least 200,000 BOE per day in 2025. This growth means constant pipeline build-out, and that requires securing right-of-way (ROW) agreements from landowners.

The legal process for securing ROWs is time-consuming and can be a major bottleneck for infrastructure projects. Matador has been actively expanding, including a 2024 acquisition that included a 19% stake in Piñon Midstream LLC and the completion of over 20 miles of new natural gas pipeline connections. This expansion highlights the constant legal work needed to get easements and permits. Delays in securing a single ROW can push back the turn-to-sales date for an entire set of wells, directly impacting revenue and production guidance.

• Map out all necessary ROW agreements for 2026 projects now.
• Integrate legal counsel early into the pipeline planning process.
• Prioritize agreements in high-density drilling areas like the Delaware Basin.

Matador Resources Company (MTDR) - PESTLE Analysis: Environmental factors

You're operating in the Delaware Basin, one of the most prolific but environmentally sensitive areas in the U.S. so managing water scarcity and induced seismicity risks is critical to sustaining your 2025 production goals. Your environmental strategy is less about a radical shift and more about operational discipline and efficiency-a realist's approach to energy development.

Goal to maintain a high oil production rate, estimated at 150,000 BOE/d for 2025.

Your primary environmental challenge is achieving record production while demonstrating responsible stewardship. For full-year 2025, Matador Resources Company has raised its total production guidance to a range of 205,500 to 206,500 BOE per day, a significant increase over the previous year. This is a material jump from the 149,760 BOE per day average in Q1 2024. Achieving this growth while managing environmental impact is the core trade-off.

Here's the quick math on recent performance and 2025 targets:

Production Metric (2025)	Value	Context
Full-Year Total BOE/d Guidance (Midpoint)	206,000 BOE/d	Raised in October 2025
Q3 2025 Record Daily Production	209,184 BOE/d	Exceeded the midpoint of prior guidance
Q3 2025 Oil-Only Production	119,556 b/d	A key component of total BOE/d

Increased focus on reducing freshwater usage in the arid Delaware Basin.

Water management is a non-negotiable risk in the arid Delaware Basin. Matador Resources Company has made substantial progress by aggressively using non-fresh sources, which helps mitigate the environmental pressure on local water supplies. In 2023, for example, a remarkable 97% of total water consumed was non-fresh water.

The operational focus is on recycling produced water (saltwater) for hydraulic fracturing (fracking) operations. This is a clear, actionable strategy.

• Sourcing: 97% of total water consumed was non-fresh water.
• Recycling: 44% of total fluid volume for hydraulic fracturing was recycled water.
• Benefit: Reduces reliance on fresh water and lowers disposal costs.

Risk of seismic activity linked to produced water disposal wells requires careful management.

The seismic risk, or induced seismicity (earthquakes caused by human activity), is a major regulatory headwind tied directly to your produced water disposal (SWD) wells. Matador Resources Company's midstream joint venture, San Mateo Midstream, operates 16 saltwater disposal wells with a total designed disposal capacity of 475,000 barrels per day.

The regulatory environment, particularly in New Mexico, is getting tighter. The New Mexico Oil Conservation Division (NMOCD) has protocols that require enhanced review for new SWD permits in seismically active areas and allow for the mandatory curtailment of injection rates or even shutting in disposal wells if seismic events occur. This means a regulatory action could instantly cut off your disposal capacity and force a costly operational pivot. You must defintely stay ahead of the regulatory curve here.

Transition to lower-emission power sources for drilling rigs to cut Scope 1 emissions.

While the specific 'transition to lower-emission power sources for drilling rigs' is not quantified with a 2025 metric, Matador Resources Company's strategy to cut Scope 1 emissions (direct emissions from owned or controlled sources) is centered on operational efficiency and gas capture. The company's emissions intensity is trending down significantly, with total cumulative reductions from 2019 to 2023 showing: 58% for direct greenhouse gas emissions intensity, 76% for methane emissions intensity, and 82% for flaring emissions intensity.

The key near-term action is maximizing natural gas capture to reduce flaring, which is a major source of Scope 1 emissions. Connecting all new wells to gas pipelines before initial production is the standard operating procedure to achieve this. Plus, the overall drilling activity was reduced in 2025, dropping from nine to eight drilling rigs by mid-year, which inherently lowers the total operational footprint and associated Scope 1 emissions.