2022-06-09 18:10:52 MTDR Matador
06/09/22 06/0918:10 06/09/2218:10 | Matador to acquire midstream assets in Eddy and Lea counties for $75MMatador Resources "announced that one of its wholly-owned subsidiaries has entered into a definitive agreement with a wholly-owned subsidiary of Summit Midstream Partners, LP to acquire Summit's Lane Gathering and Processing System in Eddy and Lea Counties, New Mexico for $75M, subject to customary transaction adjustments. In connection with the transaction, the Company will assume certain takeaway capacity on the Double E Pipeline, a FERC-regulated natural gas pipeline operated by Summit. The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2022." |
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