On January 6, 2017, Carlos M. Sepulveda, Jr. notified Matador Resources Company (the “Company”) of his resignation from the board of directors (the “Board”) of the Company as of such date in order to devote more time to his other public board commitments, including his service as chairman of one public company and lead independent director of another public company. Mr. Sepulveda served as a member of the audit, nominating and executive committees of the Company’s Board.

Following Mr. Sepulveda’s resignation, on January 6, 2017, William M. Byerley, formerly an oil and gas assurance partner with PricewaterhouseCoopers (PwC), was appointed by the Company’s Board as chairman of the audit committee.

About Matador Resources Company (NYSE:MTDR)

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segment is oil and natural gas exploration and production. The Company’s operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. The Company’s properties include approximately 39,000 gross (29,300 net) acres in the Eagle Ford shale play in Atascosa, DeWitt, Gonzales, Karnes, La Salle, Wilson and Zavala Counties in South Texas. The Company operates approximately two rigs in the Eagle Ford shale in South Texas.

Matador Resources Company (NYSE:MTDR) Recent Trading Information

Matador Resources Company (NYSE:MTDR) closed its last trading session down -0.84 at 25.69 with 889,542 shares trading hands.