Matador Resources (MTDR) Tops Q4 EPS by 10c

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Go back to Matador Resources (MTDR) Tops Q4 EPS by 10c

Matador Resources (MTDR) Announces Midstream Transaction Expanding San Mateo's Operations in Delaware Basin

February 25, 2019 6:46 AM EST

Matador Resources Company (NYSE: MTDR) today announced a second strategic midstream transaction (San Mateo II) with a subsidiary of Five Point Energy LLC (Five Point) to expand San Mateos natural gas gathering and processing, salt water gathering and disposal and oil gathering operations in the Delaware Basin to be owned in the same proportions as San Mateo I51% by Matador and 49% by Five Point. As part of the expansion, an additional cryogenic natural gas processing plant will be constructed in close proximity to the existing Black River cryogenic natural gas processing plant near Carlsbad,... More