Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On September 7, 2012, Matador Resources Company (the "Company") borrowed $15.0 million under its Second Amended and Restated Credit Agreement (the "Credit Agreement") to finance a portion of its working capital requirements and capital expenditures. As of September 12, 2012, the Company had $105.0 million in borrowing outstanding under the Credit Agreement, approximately $1.1 million in outstanding letters of credit issued pursuant to the Credit Agreement and approximately $18.9 million available for additional borrowings under the Credit Agreement.

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