Matador Resources Company is an independent energy company focused on the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company's upstream operations are concentrated in oil and liquids-rich unconventional shale plays, primarily within the Delaware Basin across Southeast New Mexico and West Texas. Matador also holds operating interests in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Beyond its core upstream activities, the company owns and operates midstream assets through its San Mateo joint venture. These midstream operations support Matador's own production and provide natural gas processing, oil transportation, and produced water gathering and disposal services to third parties. The company's strategic emphasis remains on growing its proved reserves and production volumes while maintaining capital efficiency.