On March 6, 2024, Craig N. Adams informed Matador Resources Company of his decision to retire from his roles at the company to devote more time to his family and other personal interests. Mr. Adams resigned from his roles as Executive Vice President, Co-Chief Operating Officer and Corporate Secretary of the company, effective as of March 6, 2024, at which time Mr. Adams was no longer an executive officer of the company. Mr. Adams will continue to serve in his role as Chief of Staff of the Company through March 31, 2024.

The company thanks Mr. Adams for his role in Matador's success throughout his twelve years at the company, congratulates him on his retirement and looks forward to Mr. Adams continuing as a shareholder of the company and assisting the company as needed. Mr. Adams' roles will be assumed by members of the Company's executive staff, including Bryan A. Erman, currently Executive Vice President and General Counsel and Head of M&A, and Christopher P. Calvert, currently Executive Vice President and Co-Chief Operating Officer.