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    <link:label id="lab_mtdr_DrillingRigLeasesMember_32546A0E5185E23569974520FA087150_terseLabel_en-US" xlink:label="lab_mtdr_DrillingRigLeasesMember_869F51B9B654599BAC4988867ABBCB70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Drilling Rig Leases</link:label>
    <link:label id="lab_mtdr_DrillingRigLeasesMember_32546A0E5185E23569974520FA087150_label_en-US" xlink:label="lab_mtdr_DrillingRigLeasesMember_869F51B9B654599BAC4988867ABBCB70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Drilling Rig Leases [Member]</link:label>
    <link:label id="lab_mtdr_DrillingRigLeasesMember_32546A0E5185E23569974520FA087150_documentation_en-US" xlink:label="lab_mtdr_DrillingRigLeasesMember_869F51B9B654599BAC4988867ABBCB70" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Drilling Rig Leases [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_DrillingRigLeasesMember" xlink:label="loc_mtdr_DrillingRigLeasesMember_869F51B9B654599BAC4988867ABBCB70" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtdr_DrillingRigLeasesMember_869F51B9B654599BAC4988867ABBCB70" xlink:to="lab_mtdr_DrillingRigLeasesMember_869F51B9B654599BAC4988867ABBCB70" xlink:type="arc" />
    <link:label id="lab_mtdr_DrillingRigLeasesAndOtherEquipmentRentalsMember_6584033235E7D45E3EB94520FA091F9C_terseLabel_en-US" xlink:label="lab_mtdr_DrillingRigLeasesAndOtherEquipmentRentalsMember_35CDEEB6BE745078918CA0D00B3ECCF2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Drilling Rig Leases And Other Equipment Rentals</link:label>
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    <link:label id="lab_mtdr_DrillingRigLeasesAndOtherEquipmentRentalsMember_6584033235E7D45E3EB94520FA091F9C_documentation_en-US" xlink:label="lab_mtdr_DrillingRigLeasesAndOtherEquipmentRentalsMember_35CDEEB6BE745078918CA0D00B3ECCF2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Drilling Rig Leases And Other Equipment Rentals [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_DrillingRigLeasesAndOtherEquipmentRentalsMember" xlink:label="loc_mtdr_DrillingRigLeasesAndOtherEquipmentRentalsMember_35CDEEB6BE745078918CA0D00B3ECCF2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_C78C7902BC06540D58E94520FA09E0AF_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_D6A1693B748156F5934304C45071E73B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_C78C7902BC06540D58E94520FA09E0AF_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_D6A1693B748156F5934304C45071E73B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_D6A1693B748156F5934304C45071E73B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_57CEA12E524D007E245F4520FA091F98_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_B02C579416AA5A02BC9078DAE3FB3FDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_57CEA12E524D007E245F4520FA091F98_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_B02C579416AA5A02BC9078DAE3FB3FDA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_B02C579416AA5A02BC9078DAE3FB3FDA" xlink:type="locator" />
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    <link:label id="lab_mtdr_OperatingLeaseExpenseMember_CE8CDCCE71DEDB4B73DE4520FA091EB8_terseLabel_en-US" xlink:label="lab_mtdr_OperatingLeaseExpenseMember_54D1828480FE597BBE84CD1307C178FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease operating</link:label>
    <link:label id="lab_mtdr_OperatingLeaseExpenseMember_CE8CDCCE71DEDB4B73DE4520FA091EB8_label_en-US" xlink:label="lab_mtdr_OperatingLeaseExpenseMember_54D1828480FE597BBE84CD1307C178FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease Expense [Member]</link:label>
    <link:label id="lab_mtdr_OperatingLeaseExpenseMember_CE8CDCCE71DEDB4B73DE4520FA091EB8_documentation_en-US" xlink:label="lab_mtdr_OperatingLeaseExpenseMember_54D1828480FE597BBE84CD1307C178FC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Lease Expense [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_OperatingLeaseExpenseMember" xlink:label="loc_mtdr_OperatingLeaseExpenseMember_54D1828480FE597BBE84CD1307C178FC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtdr_OperatingLeaseExpenseMember_54D1828480FE597BBE84CD1307C178FC" xlink:to="lab_mtdr_OperatingLeaseExpenseMember_54D1828480FE597BBE84CD1307C178FC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OilAndGasServiceMember_01349DD668E4445C6B084520FA0A5ED5_terseLabel_en-US" xlink:label="lab_us-gaap_OilAndGasServiceMember_BE57B3DA17F052018B1F083B422859FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plant and other midstream services</link:label>
    <link:label id="lab_us-gaap_OilAndGasServiceMember_01349DD668E4445C6B084520FA0A5ED5_label_en-US" xlink:label="lab_us-gaap_OilAndGasServiceMember_BE57B3DA17F052018B1F083B422859FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oil and Gas Service [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OilAndGasServiceMember" xlink:label="loc_us-gaap_OilAndGasServiceMember_BE57B3DA17F052018B1F083B422859FB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OilAndGasServiceMember_BE57B3DA17F052018B1F083B422859FB" xlink:to="lab_us-gaap_OilAndGasServiceMember_BE57B3DA17F052018B1F083B422859FB" xlink:type="arc" />
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpenseMember_C2EFF754D875F67C67054520FA0A6729_terseLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpenseMember_E272E9BFDC675C32B5D362E4C1D45A6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpenseMember_C2EFF754D875F67C67054520FA0A6729_label_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpenseMember_E272E9BFDC675C32B5D362E4C1D45A6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and Administrative Expense [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeneralAndAdministrativeExpenseMember" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpenseMember_E272E9BFDC675C32B5D362E4C1D45A6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpenseMember_E272E9BFDC675C32B5D362E4C1D45A6A" xlink:to="lab_us-gaap_GeneralAndAdministrativeExpenseMember_E272E9BFDC675C32B5D362E4C1D45A6A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeLeaseDescriptionLineItems_28EB1F6372F33B77504C4520FA0A53DB_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeLeaseDescriptionLineItems_D2D600450D7F5C7BA77B234CA9E46F20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Lease, Description [Line Items]</link:label>
    <link:label id="lab_us-gaap_LesseeLeaseDescriptionLineItems_28EB1F6372F33B77504C4520FA0A53DB_label_en-US" xlink:label="lab_us-gaap_LesseeLeaseDescriptionLineItems_D2D600450D7F5C7BA77B234CA9E46F20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Lease, Description [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeLeaseDescriptionLineItems" xlink:label="loc_us-gaap_LesseeLeaseDescriptionLineItems_D2D600450D7F5C7BA77B234CA9E46F20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeLeaseDescriptionLineItems_D2D600450D7F5C7BA77B234CA9E46F20" xlink:to="lab_us-gaap_LesseeLeaseDescriptionLineItems_D2D600450D7F5C7BA77B234CA9E46F20" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeaseCost_480C3007485BC3F9386E4520FA0AA2E6_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost_7680479FB02253D281A8DB5A5695F60C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating leases</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseCost_480C3007485BC3F9386E4520FA0AA2E6_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost_7680479FB02253D281A8DB5A5695F60C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:label="loc_us-gaap_OperatingLeaseCost_7680479FB02253D281A8DB5A5695F60C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseCost_7680479FB02253D281A8DB5A5695F60C" xlink:to="lab_us-gaap_OperatingLeaseCost_7680479FB02253D281A8DB5A5695F60C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermLeaseCost_25D4C7327ED3BE45BF194520FA0A995D_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermLeaseCost_4FC2905BD0E15EE7BD3B615D11B787DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term leases</link:label>
    <link:label id="lab_us-gaap_ShortTermLeaseCost_25D4C7327ED3BE45BF194520FA0A995D_label_en-US" xlink:label="lab_us-gaap_ShortTermLeaseCost_4FC2905BD0E15EE7BD3B615D11B787DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Lease, Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermLeaseCost" xlink:label="loc_us-gaap_ShortTermLeaseCost_4FC2905BD0E15EE7BD3B615D11B787DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermLeaseCost_4FC2905BD0E15EE7BD3B615D11B787DB" xlink:to="lab_us-gaap_ShortTermLeaseCost_4FC2905BD0E15EE7BD3B615D11B787DB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LeaseCostAbstract_EB83CC7BC9DA75A8F0BE4520FA0A709A_terseLabel_en-US" xlink:label="lab_us-gaap_LeaseCostAbstract_8E4817CFC3A157719CD8E166B2F0C98B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing leases</link:label>
    <link:label id="lab_us-gaap_LeaseCostAbstract_EB83CC7BC9DA75A8F0BE4520FA0A709A_label_en-US" xlink:label="lab_us-gaap_LeaseCostAbstract_8E4817CFC3A157719CD8E166B2F0C98B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease, Cost [Abstract]</link:label>
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    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_B1930960079D3ECB29224520FA0B608D_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_6B2B1458DF725403BCC1D7784FEB0ACF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation of assets</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_B1930960079D3ECB29224520FA0B608D_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseRightOfUseAssetAmortization_6B2B1458DF725403BCC1D7784FEB0ACF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Right-of-Use Asset, Amortization</link:label>
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    <link:label id="lab_us-gaap_FinanceLeaseInterestExpense_F53B0004B19A3E36584B4520FA0BFF74_terseLabel_en-US" xlink:label="lab_us-gaap_FinanceLeaseInterestExpense_1B1D9FFC66725CFCB14CFD30FF8ED6FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest on lease liabilities</link:label>
    <link:label id="lab_us-gaap_FinanceLeaseInterestExpense_F53B0004B19A3E36584B4520FA0BFF74_label_en-US" xlink:label="lab_us-gaap_FinanceLeaseInterestExpense_1B1D9FFC66725CFCB14CFD30FF8ED6FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinanceLeaseInterestExpense" xlink:label="loc_us-gaap_FinanceLeaseInterestExpense_1B1D9FFC66725CFCB14CFD30FF8ED6FE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinanceLeaseInterestExpense_1B1D9FFC66725CFCB14CFD30FF8ED6FE" xlink:to="lab_us-gaap_FinanceLeaseInterestExpense_1B1D9FFC66725CFCB14CFD30FF8ED6FE" xlink:type="arc" />
    <link:label id="lab_mtdr_FinanceLeaseCost_537F51B94336DF0EA96D4520FA0B1BF1_totalLabel_en-US" xlink:label="lab_mtdr_FinanceLeaseCost_00CB770565BB5CCA89E0E6AFF9E05B2A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total financing leases</link:label>
    <link:label id="lab_mtdr_FinanceLeaseCost_537F51B94336DF0EA96D4520FA0B1BF1_label_en-US" xlink:label="lab_mtdr_FinanceLeaseCost_00CB770565BB5CCA89E0E6AFF9E05B2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Cost</link:label>
    <link:label id="lab_mtdr_FinanceLeaseCost_537F51B94336DF0EA96D4520FA0B1BF1_documentation_en-US" xlink:label="lab_mtdr_FinanceLeaseCost_00CB770565BB5CCA89E0E6AFF9E05B2A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance Lease, Cost</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_FinanceLeaseCost" xlink:label="loc_mtdr_FinanceLeaseCost_00CB770565BB5CCA89E0E6AFF9E05B2A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtdr_FinanceLeaseCost_00CB770565BB5CCA89E0E6AFF9E05B2A" xlink:to="lab_mtdr_FinanceLeaseCost_00CB770565BB5CCA89E0E6AFF9E05B2A" xlink:type="arc" />
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    <link:label id="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776_terseLabel_en-US" xlink:label="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Mateo Credit Facility</link:label>
    <link:label id="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776_label_en-US" xlink:label="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Mateo Credit Facility [Member]</link:label>
    <link:label id="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776_documentation_en-US" xlink:label="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Mateo Credit Facility [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_SanMateoCreditFacilityMember" xlink:label="loc_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776" xlink:to="lab_mtdr_SanMateoCreditFacilityMember_55935ED40F5ADD224099187BD8BB6776" xlink:type="arc" />
    <link:label id="lab_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C_terseLabel_en-US" xlink:label="lab_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving Credit Agreement [Line Items]</link:label>
    <link:label id="lab_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C_label_en-US" xlink:label="lab_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revolving Credit Agreement [Line Items]</link:label>
    <link:label id="lab_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C_documentation_en-US" xlink:label="lab_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revolving credit agreement.</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_RevolvingCreditAgreementLineItems" xlink:label="loc_mtdr_RevolvingCreditAgreementLineItems_06BC4DBB237BDF798B86187BD8BBD93C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LongTermDebt_7E6CE145ED2CB7CAD56E187BD8BB195D_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_7E6CE145ED2CB7CAD56E187BD8BB195D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt outstanding</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_7E6CE145ED2CB7CAD56E187BD8BB195D_label_en-US" xlink:label="lab_us-gaap_LongTermDebt_7E6CE145ED2CB7CAD56E187BD8BB195D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
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    <link:label id="lab_us-gaap_LongTermLineOfCredit_FA550A3543D845C4B320187BD8BCE1DB_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermLineOfCredit_FA550A3543D845C4B320187BD8BCE1DB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermLineOfCredit" xlink:label="loc_us-gaap_LongTermLineOfCredit_FA550A3543D845C4B320187BD8BCE1DB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_A377E90D2F95C30AE633187BD8BCD1DC_verboseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_A377E90D2F95C30AE633187BD8BCD1DC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Outstanding letters of credit</link:label>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_A377E90D2F95C30AE633187BD8BCD1DC_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_A377E90D2F95C30AE633187BD8BCD1DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_A377E90D2F95C30AE633187BD8BCD1DC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DisaggregationOfRevenueTable_E08019E2FD818DC660170DC846533FA9_label_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueTable_E08019E2FD818DC660170DC846533FA9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueTable" xlink:label="loc_us-gaap_DisaggregationOfRevenueTable_E08019E2FD818DC660170DC846533FA9" xlink:type="locator" />
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    <link:label id="lab_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4_terseLabel_en-US" xlink:label="lab_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Oil revenues</link:label>
    <link:label id="lab_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4_label_en-US" xlink:label="lab_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oil Revenues [Member]</link:label>
    <link:label id="lab_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4_documentation_en-US" xlink:label="lab_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Oil Revenues [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_OilRevenuesMember" xlink:label="loc_mtdr_OilRevenuesMember_576D501923E1FDBD5CFA0DC846572AB4" xlink:type="locator" />
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    <link:label id="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0_terseLabel_en-US" xlink:label="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Natural gas revenues</link:label>
    <link:label id="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0_label_en-US" xlink:label="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Natural Gas Revenues [Member]</link:label>
    <link:label id="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0_documentation_en-US" xlink:label="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Natural Gas Revenues [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_NaturalGasRevenuesMember" xlink:label="loc_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0" xlink:to="lab_mtdr_NaturalGasRevenuesMember_9424A5AAF65344CF05BC0DC846572BD0" xlink:type="arc" />
    <link:label id="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5_terseLabel_en-US" xlink:label="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total revenues from contracts with customers</link:label>
    <link:label id="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5_label_en-US" xlink:label="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oil and Natural Gas Revenues [Member]</link:label>
    <link:label id="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5_documentation_en-US" xlink:label="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Oil and Natural Gas Revenues [Member]</link:label>
    <link:loc xlink:href="mtdr-20190930.xsd#mtdr_OilandNaturalGasRevenuesMember" xlink:label="loc_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5" xlink:to="lab_mtdr_OilandNaturalGasRevenuesMember_578585229AED335FBE170DC8465841F5" xlink:type="arc" />
    <link:label id="lab_us-gaap_DisaggregationOfRevenueLineItems_B10899A6A35B6338A9D30DC846586C99_terseLabel_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueLineItems_B10899A6A35B6338A9D30DC846586C99" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Line Items]</link:label>
    <link:label id="lab_us-gaap_DisaggregationOfRevenueLineItems_B10899A6A35B6338A9D30DC846586C99_label_en-US" xlink:label="lab_us-gaap_DisaggregationOfRevenueLineItems_B10899A6A35B6338A9D30DC846586C99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueLineItems" xlink:label="loc_us-gaap_DisaggregationOfRevenueLineItems_B10899A6A35B6338A9D30DC846586C99" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_39C876D32B2D80C534880DC8465807D7_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_39C876D32B2D80C534880DC8465807D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenues from contracts with customers</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_39C876D32B2D80C534880DC8465807D7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_Revenues_1FF32EA07FB8D10BB66F0DC84658F422_verboseLabel_en-US" xlink:label="lab_us-gaap_Revenues_1FF32EA07FB8D10BB66F0DC84658F422" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_1FF32EA07FB8D10BB66F0DC84658F422" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_84FA188A53A2BE52D9514520EF55E174_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_CA76B202005D5FC6B1F60AF44E9BF132" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_84FA188A53A2BE52D9514520EF55E174_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_CA76B202005D5FC6B1F60AF44E9BF132" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_A9993D65CAE725BE51394520EF552565_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_6FE87C0A6D615C4C9C685987439500D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear_6FE87C0A6D615C4C9C685987439500D4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_83D22AC69593A0B3FAE34520EF556BAC_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_262E2C5B2AEF502CACE7869A1493E060" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
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    <link:label id="lab_us-gaap_LongMember_D5524866E81432014F8E187E7C475C13_label_en-US" xlink:label="lab_us-gaap_LongMember_D5524866E81432014F8E187E7C475C13" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long [Member]</link:label>
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    <link:label id="lab_mtdr_OpenThreewayCostlessCollarContractsMember_7EFCAB7B63FF57CD4342187E7C48805F_terseLabel_en-US" xlink:label="lab_mtdr_OpenThreewayCostlessCollarContractsMember_7EFCAB7B63FF57CD4342187E7C48805F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Open Three-way Costless Collar Contracts</link:label>
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    <link:label id="lab_mtdr_OpenSwapContractsMember_58B96F2C7CB32D1D52AD187E7C48FB76_terseLabel_en-US" xlink:label="lab_mtdr_OpenSwapContractsMember_58B96F2C7CB32D1D52AD187E7C48FB76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Open Swap Collar Contracts</link:label>
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    <link:label id="lab_mtdr_OilWTIMember_32E277707CF4F322B47F187E7C49A098_terseLabel_en-US" xlink:label="lab_mtdr_OilWTIMember_32E277707CF4F322B47F187E7C49A098" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Oil - WTI</link:label>
    <link:label id="lab_mtdr_OilWTIMember_32E277707CF4F322B47F187E7C49A098_label_en-US" xlink:label="lab_mtdr_OilWTIMember_32E277707CF4F322B47F187E7C49A098" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oil - WTI [Member]</link:label>
    <link:label id="lab_mtdr_OilWTIMember_32E277707CF4F322B47F187E7C49A098_documentation_en-US" xlink:label="lab_mtdr_OilWTIMember_32E277707CF4F322B47F187E7C49A098" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Oil - WTI [Member]</link:label>
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