Foran (incorporated by reference to Exhibit 10.3 to Amendment No. Foran (incorporated by reference to Exhibit 10.8 to Amendment No. MATADOR RESOURCES COMPANYFebruary 26, 2021 By:/s/ Joseph Wm. The process by which multiple horizontal wells are drilled from a single pad. Custody is often transferred to a third party at a central delivery point. Liquid hydrocarbons associated with the production of a primarily natural gas reservoir. Conventional reservoirs or resources. A core bit is attached to the end of the drill pipe. The core bit then cuts a column of rock from the formation being penetrated. The total acres or wells in which a working interest is owned. This technique may also be referred to as fracture stimulation. Length of the completed portion of a horizontal well. One million cubic feet of natural gas. Organization of Petroleum Exporting Countries or OPEC. A reference to the ability of oil and/or natural gas to flow through a reservoir. Producing well, or productive well. Proved developed non-producing. We believe that our audits provide a reasonable basis for our opinion. All intercompany balances and transactions have been eliminated in consolidation. See Note 4 for additional disclosures related to leases. Amounts are considered past due if they have been outstanding for 60 days or more. No interest is typically charged on past due amounts. Significant workovers that increase the properties' reserves are capitalized. These transactions expose the Company to potential credit risk from its counterparties. These costs totaled $33.3 million at December 31, 2020. The Company and Five Point own 51% and 49% of San Mateo I, respectively. The $1.05 billion of outstanding Notes at December 31, 2020 mature on September 15, 2026. Each employee may contribute up to the maximum allowable under the Internal Revenue Code. Certain of these agreements contain minimum volume commitments. As of December 31, 2020, there were no remaining obligations under this agreement. I have reviewed this annual report on Form 10-K of Matador Resources Company;2. Operating costs used by MRC are based on historical operating expense records. =E_X#\'_&@ M#8HK\'^Q-_\\ H-V7_@,?\\:/L7C?_ *# =E_X#\'_&@#8HK\'^Q-_\\ H-V7_@,? =E_X#\'_&@#8HK\'^Q-_\\ H-V7_@,?\\:/L7C?_ *# KX-#?VO@]X=^"GP_M/)TGPWI]YQY.P4445\\\\?1A1110 4444 %%%% ! \'OXG_!KXIZ]\\06\\??"CP;XCE@G\\2VNBM:S:!:ZDYCOK2: 22GR) M-_G1-O91/OP$:0;_ +3@? X275_P#H4+W_ +Z6C_A)=7_Z%"]_[Z6MBB@#\'_X275_^A0O? O3OVE_V;/&GP+U%4SXCT&:WLY)!\\L-V!YEM*?\\ ^#_ ! 1110!X7^UA_R6SX\'_ /8]R_\\ I,UZ5X7^UA_ MR6SX\'_\\ 8]R_^DS5[I0 4444 %%%% ! 1110 4444 %%%% M!1110 4444 %%%% ! H V**Q_L7C?_H-V7_@,?\\ &C[%XW_Z#=E_X#\'_ ! XW_Z#=E_X#\'_&C[%X MW_Z#=E_X#\'_&MBB@#\'^Q-_^@W9?^ Q_QH^Q-_^@W9?^ Q_QK8HH Q_L7C? M_H-V7_@,?\\:/L7C?_H-V7_@,?\\:V** ,?[% M^ Q_QH^Q-_^@W9?^ Q_QK8HH Q_L7C?_H-V7_@,?\\:/L7C?_H-V7_@,?\\:V M** ,?[% 117E_Q6^//Q*^\'WBY_#GA?]F7Q1XIM%@20:MI,\\*PLS M#E,.@#F_VL/^2V? _ MP]?QWMAI+PK;-HUJT\\+-&;FXGC=A#NWB%3+M*%[\'^R_#.A6 MG6QD:0V]A:I#\'O8Y9MJ #)/)/KE ! The majority of the Company’s natural gas is sold under fee-based contracts.
