One-Page Deal Sheet
Matador, Five Point Join Forces for Delaware Basin Midstream JV
Five Point Capital Partners Matador Resources Company
Announced Date
February 17,2017
Transaction Type
JV
Location
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Eddy
Play
Transaction Details: Require Private Equity Subscription
Matador Resources announced the formation of San Mateo Midstream, LLC, a joint venture between a subsidiary of Matador and a subsidiary of Five Point Capital Partners LLC to operate and expand Matador’s midstream assets in the Delaware Basin in Eddy County, New Mexico and Loving County, Texas.
Matador received $171.5 million in connection with the formation of the joint venture and may earn up to an additional $73.5 million in deferred performance incentives over the next five years. Matador will continue to operate the Midstream Assets and control the joint venture. At formation, Matador and…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-25-2022 |
-  |
- |
Click here | New Mexico | Midstream |
| Feb-26-2020 |
- |
- |
Click here | Texas | Midstream |
| Dec-20-2019 |
- |
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Click here | Texas | Midstream |
| Nov-15-2019 |
- |
- |
Click here | Texas | Midstream |
| Aug-01-2019 |
- |
- |
Click here | New Mexico | Midstream |