Matador Resources Company (MTDR)

[56Chevy]

North American Tight Oil Breakeven Prices ($/Bbl)

Utica Shale ---------- $68
Anadarko Tight Oil - $64
Alberta Bakken-------$55
Niobrara Shale -------$51
Cardium Shale -------$51
Permian Midland -----$50
Eagle Ford Shale ----$50
Bakken Shale ---------$44
Permian Delaware---$44

Source- Rystad Energy. Breakeven price is the price that will give a 10% RR for a given acreage position. Mature acreage positions with high production levels thus have a better breakeven oil price. *Includes actual F&D costs (not including land costs), taxes and royalties.

*Price of CL\J15 Light Sweet Crude at this moment is :$50.90 @ bbl.