Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Eagle Ford operations in South Texas and its Permian Basin operations in Southeast New Mexico and West Texas, today was pleased to announce that Matthew V. Hairford, the Company’s Executive Vice President – Operations, has been elected as President of the Company, effective November 18, 2013. Mr. Hairford succeeds Joseph Wm. Foran as President. Mr. Foran will continue as Chairman of the Board of Directors and Chief Executive Officer. Mr. Foran has held all three positions since he founded Matador in 2003. The Company’s Executive Committee will continue to consist of Mr. Foran, Mr. Hairford, David E. Lancaster, Executive Vice President, Chief Operating Officer and Chief Financial Officer, David F. Nicklin, Executive Director – Exploration, Craig N. Adams, Executive Vice President – Land and Legal, Bradley M. Robinson, Vice President – Reservoir Engineering and Chief Technology Officer, and Ryan C. London, Vice President and General Manager.
“Matt has extensive oil and gas experience and has been a key member of our operations team, helping us to develop our Eagle Ford acreage and positioning us to explore and develop our growing interest in the Permian Basin. He has been a key contributor to our success over the past nine years, and today’s announcement recognizes his excellent leadership skills and his growing operational and executive role in the Company,” Mr. Foran said. “Matt and I will continue to work closely together to develop our Eagle Ford, Permian and Haynesville assets and create ongoing value for our stockholders. I have enjoyed working with Matt since he joined the Company, and I look forward to him assuming additional responsibility in this new role.”