XML 36 R18.htm IDEA: XBRL DOCUMENT

Equity	12 Months Ended
Equity	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
EQUITY	Common Stock On May 17, 2018, the Company completed a public offering of 7,000,000 shares of its common stock. After deducting offering costs totaling approximately $0.2 million, the Company received net proceeds of approximately $226.4 million. Treasury Stock On October 22, 2020, October 24, 2019 and October 25, 2018, Matador’s Board of Directors canceled all of the shares of treasury stock outstanding as of September 30, 2020, 2019 and 2018, respectively. These shares were restored to the status of authorized but unissued shares of common stock of the Company. The shares of treasury stock outstanding at December 31, 2020, 2019 and 2018 represent forfeitures of non-vested restricted stock awards and forfeitures of fully vested restricted stock awards due to net share settlements with employees. Preferred Stock The Company’s Amended and Restated Certificate of Formation authorizes 2,000,000 shares of preferred stock. Before any such shares are issued, the Board of Directors shall fix and determine the designations, preferences, limitations and relative rights, including voting rights of the shares of each such series.