Matador's JV San Mateo Midstream selected for salt water disposal agreement
Matador Resources announced that a wholly-owned subsidiary of its midstream joint venture, San Mateo Midstream, has entered into a long-term agreement with a significant producer in Eddy County, New Mexico relating to the gathering and disposal of such producer's salt water. The agreement includes the dedication of over 65 wells, which are located within five miles of San Mateo's existing salt water gathering system in Eddy County, New Mexico. In addition, San Mateo has started drilling its fourth commercial salt water disposal well in Eddy County, New Mexico and expects to begin drilling a fifth commercial salt water disposal well later in the Q2 or early in Q3. San Mateo expects to dispose of over 200,000 barrels per day of salt water as early as 1Q19, including expected volumes from San Mateo's other contracted producers in Eddy County, New Mexico and Loving County, Texas.