Matador’s Midstream JV Plugs Delaware Capex Hole
Transaction Type
Sellers
Basin
Delaware
Field
Rustler Breaks, Wold assets area
Announce Date
Post Date
Estimated Price
$245.0MM
Description
Formed midstream JV, called San Mateo Midstream LLC, in the Delaware Basin; includes upfront $176.4 million cash payment for 49% stake and additional $73.5 million in incentives.