Matador Resources Company Names New Chief Financial Officer
February 16 2023 - 4:40PM
Business Wire
Matador Resources Company (NYSE: MTDR) (“Matador”) today
announced the promotion of Brian J. Willey to Chief Financial
Officer, President of Midstream Operations and Executive Vice
President, effective as of February 16, 2023. Mr. Willey will
continue to serve as the President of San Mateo Midstream, LLC,
Matador’s midstream joint venture, among his other duties. Mr.
Willey joined Matador in February 2014 and most recently served as
Matador’s President and General Counsel of Midstream Operations and
Executive Vice President of Matador as well as President of San
Mateo Midstream, LLC.
Soon after Mr. Willey joined Matador in February 2014 as its
Deputy General Counsel, Mr. Willey was appointed as Co-General
Counsel. He was then promoted to Vice President and Co-General
Counsel in August 2016 and became Senior Vice President and
Co-General Counsel in July 2018. In March 2022, Mr. Willey was
promoted to President of San Mateo and Senior Vice President,
President and General Counsel of Midstream. Mr. Willey was promoted
to President and General Counsel of Midstream Operations and
Executive Vice President in October 2022.
Mr. Willey previously served as a senior associate in the Dallas
office of Baker Botts L.L.P. where his practice focused on
corporate matters, including mergers and acquisitions, public and
private securities offerings, venture capital transactions and SEC
compliance matters as well as board of director and corporate
governance matters.
Mr. Willey received a Bachelor of Science degree in Accounting
in 2002 from Brigham Young University, where he graduated magna cum
laude. He received his law degree in 2005 from The University of
Texas School of Law, where he graduated with High Honors and was a
member of the Order of the Coif in addition to being named a
Chancellor and an Associate Editor on the Texas Law Review. Mr.
Willey also served a church mission in the Philippines from 1995 to
1997.
Joseph Wm. Foran, Matador’s Founder, Chairman and Chief
Executive Officer, stated, “Brian has been a key member of Matador
since he joined us. The Board and I congratulate him on this
promotion to Chief Financial Officer and all of us look forward to
working with him in that role. Brian’s accounting and legal
background have served him well. To this point, Brian has assisted
primarily in building our legal department and midstream business
since he joined Matador in 2014. In this new role, Brian will serve
as Matador’s principal financial officer and will have the
opportunity to develop deeper relationships with our directors,
investors, lenders, analysts and other stakeholders as well as
playing a larger role in planning, strategy and personnel
decisions. Michael Frenzel has done a tremendous job serving as the
principal financial officer for the Company over the past year, and
I look forward to us continuing to work with him in his longtime
role as Executive Vice President and Treasurer and as a member of
the finance and special projects teams.”
About Matador Resources Company
Matador is an independent energy company engaged in the
exploration, development, production and acquisition of oil and
natural gas resources in the United States, with an emphasis on oil
and natural gas shale and other unconventional plays. Its current
operations are focused primarily on the oil and liquids-rich
portion of the Wolfcamp and Bone Spring plays in the Delaware Basin
in Southeast New Mexico and West Texas. Matador also operates in
the Eagle Ford shale play in South Texas and the Haynesville shale
and Cotton Valley plays in Northwest Louisiana. Additionally,
Matador conducts midstream operations in support of its
exploration, development and production operations and provides
natural gas processing, oil transportation services, natural gas,
oil and produced water gathering services and produced water
disposal services to third parties.
For more information, visit Matador Resources Company at
www.matadorresources.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. “Forward-looking statements” are statements related to
future, not past, events. Forward-looking statements are based on
current expectations and include any statement that does not
directly relate to a current or historical fact. In this context,
forward-looking statements often address expected future business
and financial performance, and often contain words such as “could,”
“believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,”
“may,” “should,” “continue,” “plan,” “predict,” “potential,”
“project,” “hypothetical,” “forecasted” and similar expressions
that are intended to identify forward-looking statements, although
not all forward-looking statements contain such identifying words.
Such forward-looking statements include, but are not limited to,
statements about guidance, projected or forecasted financial and
operating results, future liquidity, the payment of dividends,
results in certain basins, objectives, project timing, expectations
and intentions, regulatory and governmental actions and other
statements that are not historical facts. Actual results and future
events could differ materially from those anticipated in such
statements, and such forward-looking statements may not prove to be
accurate. These forward-looking statements involve certain risks
and uncertainties, including, but not limited to, the following
risks related to financial and operational performance: general
economic conditions; the Company’s ability to execute its business
plan, including whether its drilling program is successful; changes
in oil, natural gas and natural gas liquids prices and the demand
for oil, natural gas and natural gas liquids; its ability to
replace reserves and efficiently develop current reserves; the
operating results of the Company’s midstream oil, natural gas and
water gathering and transportation systems, pipelines and
facilities, the acquiring of third-party business and the drilling
of any additional salt water disposal wells; costs of operations;
delays and other difficulties related to producing oil, natural gas
and natural gas liquids; delays and other difficulties related to
regulatory and governmental approvals and restrictions; impact on
the Company’s operations due to seismic events; availability of
sufficient capital to execute its business plan, including from
future cash flows, available borrowing capacity under its revolving
credit facilities and otherwise; its ability to make acquisitions
on economically acceptable terms; its ability to integrate
acquisitions; the operating results of and the availability of any
potential distributions from our joint ventures; weather and
environmental conditions; the impact of the worldwide spread of the
novel coronavirus, or COVID-19, or variants thereof, on oil and
natural gas demand, oil and natural gas prices and its business;
and the other factors which could cause actual results to differ
materially from those anticipated or implied in the forward-looking
statements. For further discussions of risks and uncertainties, you
should refer to Matador’s filings with the Securities and Exchange
Commission (“SEC”), including the “Risk Factors” section of
Matador’s most recent Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q. Matador undertakes no obligation to
update these forward-looking statements to reflect events or
circumstances occurring after the date of this press release,
except as required by law, including the securities laws of the
United States and the rules and regulations of the SEC. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20230216005851/en/
Mac Schmitz Vice President – Investor Relations
investors@matadorresources.com (972) 371-5225
Matador Resources (NYSE:MTDR)
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