Matador Resources Company

Good morning, ladies and gentlemen. Welcome to the first quarter 2022 Matador Resources Company earnings conference call. My name is Shannon, and I'll be serving as the operator for today. At this time, all participants are in 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 the replay will be available on the company's website through May 31st, 2022, as discussed in the company's earnings press release issued yesterday. I will now turn the call over to Mr. Max Schmidt, Vice President, Investor Relations from Matador. Mr. Schmidt, you may proceed.

Thank you, Shannon. Good morning, everyone, and thank you for joining us for Matador's first quarter 2022 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 the 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 recent in-report on Form 10-K. In addition to our earnings press release, I would like to remind everyone that you can find a slide presentation in connection with the first quarter of 2022 earnings release under the Investor Relations tab on our website. Finally, I would like to introduce the management team joining me this morning. They are Joe Foran, Founder, Chairman, and CEO, Billy Goodwin, President, Operations, Van Singleton, President, Land Acquisitions, Divestitures, and Planning, Craig Adams, Executive Vice President, Co-Chief Operating Officer and Chief of Staff. Greg Krug, Executive Vice President, Marketing and Midstream Strategy. Michael Frenzel, Executive Vice President and Treasurer. Tom Elsner, Executive Vice President, Reservoir Engineering and Senior Asset Manager. Rob Macklick, Executive Vice President and Chief Accounting Officer. Glenn Stetson, Executive Vice President of Production. Brian Willey, President of San Mateo Midstream, and Chris Calvert, Senior Vice President, Operations. Other members of the senior staff are also present and available to answer your questions. And with that, I would now like to turn the call over to Mr. Joe Foran, our founder, chairman, and CEO. Joe?

Thank you, Mac, and good morning to everyone, and thank you for participating in today's earnings call. We very much appreciate your time and interest in Matador. To begin this I'd like to point out three things. First is that we are celebrating since February our 10 years of being a public company. So this is the 10-year anniversary of our first earnings call. I hope we do better than we did then. I'd like to point out that we've retired one-third of our aggregate debt, and we are now producing 100,000 barrels of oil or gas equivalent. And number three, that this growth that we've had, particularly this year, has not come from spending that much more on CapEx, but from better than expected growth from our various drilling programs, and capital efficiency. And with that, I turn to your questions.