Matador Resources Company announced the promotions of Billy E. Goodwin to President - Operations and Van H. Singleton, II to President – Land, A&D and Planning, both effective March 31, 2022. Both Messrs. Goodwin and Singleton have over ten years of experience leading departments at Matador and have served on Matador's Executive Committee since 2017.

After 17 years with Matador, Matthew V. Hairford is retiring as President as of March 31, 2022, when he will be 61 years old, and is transitioning to a new role as a Special Advisor to Matador's Board of Directors and Executive Committee. In addition, David E. Lancaster, 65, whose service to the Company dates back to 2003, has announced his plan to retire as Executive Vice President and Chief Financial Officer at the same time and is also transitioning to new duties as a Special Advisor to Matador's Board of Directors and Executive Committee. In assuming the roles of Special Advisors, Mr. Hairford and Mr. Lancaster are expected to work on various special projects and Board matters of significance to Matador through December 31, 2023.