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Matador Sells Natural Gas Complex in Loving County

EnLink Midstream, LLC Matador Resources Company
AnnouncedSep 16, 2015
TypeAsset
LocationDelaware Basin
Announced Date
September 16,2015
Close Date
October 01,2015
Transaction Type
Asset




Snapshot
Location
Region
Permian - Delaware Basin

Country
United States

State
Texas

County
Loving

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Transaction Details:  Require Private Equity Subscription

Closing Announcement - October 1, 2015

Matador Resources Company has closed the previously announced sale of its wholly-owned subsidiary that owns certain natural gas gathering and processing assets in the Delaware Basin in Loving County, Texas, to a subsidiary of EnLink Midstream Partners, LP. The Loving County System includes a cryogenic natural gas processing plant with approximately 35 million cubic feet per day of inlet capacity and approximately six miles of high-pressure gathering pipeline which connects a Matador-owned gathering system to the Processing Plant.

Pursuant to the terms of…

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