Matador Resources Publishes Its Inaugural SASB-Aligned ESG Metrics
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Matador Resources Company has published its metrics aligned with standards developed by the Sustainability Accounting Standards Board (SASB). Matador is committed to creating long-term value in a responsible manner and aligning its ongoing environmental, social and governance (ESG) reporting with SASB. The publication of these metrics represents the next step in Matador’s continued efforts to highlight its commitment to ESG excellence.
“At Matador, good stewardship has always been a guiding focus. Over the years, we have consistently highlighted our ESG achievements and now are pleased to align these disclosures with an emerging industry standard. We hope this change helps to raise the profile of our ongoing ESG efforts and provide interested parties a standardized version of Matador’s ESG efforts,” said Joseph Wm. Foran, Matador’s chairman and CEO.
In 2020, Matador grew gross operated oil production by 13 percent and gross operated natural gas production by 19 percent, as compared to 2019, while still reducing its environmental impact and continuing their strong safety record.
Highlights from Matador’s 2020 ESG initiatives include:
• Decreased emissions intensity by 19 percent and flaring intensity by 38 percent, as compared to 2019
• Decreased consumption of fresh water by 49 percent, as compared to 2019
• Transported 96 percent of operated produced water and 65 percent of operated produced oil by pipeline
• Incurred zero lost time incidents during more than 2.1 million employee man-hours from 2017 to 2020
• Provided approximately 15,000 hours of employee continuing education, equating to approximately 55 hours
per employee
• Revised the mandate of the board of directors’ Environmental, Social and Corporate Governance Committee to
enhance the focus, oversight and support for the company’s ESG efforts and to measure improvements.
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, primarily through its midstream joint venture, San Mateo, 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.
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