For Immediate Release

MATADOR RESOURCES COMPANY COMPLETES 3-FOR-1 STOCK SPLIT

Matador Resources Company has completed the 3-for-1 stock split approved by the Board of Directors. This split was accomplished by providing each Class A and Class B shareholder with two new shares of Class A Common Stock for each share held of record as of October 31, 2008. The Company's transfer agent, BNY Mellon Shareowner Services, has issued and mailed all the new stock certificates to the Company's shareholders. The new shares are additional or incremental shares - these new certificates add to, but do not replace, any existing shares. As a result, shareholders should be sure to retain all of their existing stock certificates in addition to these newly issued shares. Any shareholders who have not received the new certificates in the mail or who have any questions about their holdings in the company as a result of the recent stock split should contact David Lancaster or Amanda Crawford.

At the Special Shareholder Meeting on October 23rd, 2008, the Company's shareholders approved unanimously the proposed amendment to the Company's Articles of Incorporation increasing the number of authorized shares of Class A Common Stock available for issuance from 40,000,000 shares to 80,000,000 shares. The passage of this amendment enabled the Company to proceed with the 3-for-1 stock split.

The Board has selected May 21, 2009 as the date for the next Annual Shareholders' Meeting in Dallas, Texas. Time and location are yet to be determined.

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