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Actionable news in MTDR: MATADOR RESOURCES COMPANY,

Matador Resources Company Announces MOODY’S CONFIRMATION OF SENIOR UNSECURED DEBT RATING AND PROVIDES HEDGING UPDATE DALLAS,

The following excerpt is from the company's SEC filing.

April 5, 2016 - Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) is 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 Delaware Basin operations in Southeast New Mexico and West Texas.

Corporate and Senior Unsecured Debt Ratings Confirmed by Moody’s

Matador is pleased to announce that on March 24, 2016, Moody’s Investors Service (“Moody’s”) confirmed Matador’s B2 Corporate Family Rating with a stable outlook. At the same time, Moody’s confirmed Matador’s Senior Unsecured Regular Bond/Debenture Rating at B3 and affirmed its Speculative Grade Liquidity Rating at SGL-3. More information about Moody’s ratings action on Matador may be found at

www.moodys.com

In a previous release, Matador announced that on February 12, 2016, Standard & Poor’s (“S&P”) Ratings Services raised its issue-level rating on Matador’s senior unsecured debt to “B” (the same level as Matador’s corporate credit rating) from “B-”. S&P’s corporate credit rating on Matador remained “B”, with a stable outlook. More information about S&P’s ratings action on Matador may be found at

www.standardandpoors.com

Oil and Natural Gas Hedges Added

Matador is also pleased to announce that it has added to its oil and natural gas hedges since its February 24, 2016 earnings release. At April 5, 2016, based on the midpoint of its current oil production guidance, Matador has about 52% of its estimated oil production hedged for the remainder of 2016 at a weighted average floor price of $44 per barrel and a weighted average ceiling price of $66 per barrel. Similarly, based on the midpoint of its current natural gas production guidance, Matador has about 44% of its estimated natural gas production hedged for the remainder of 2016 at...


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