San Mateo signs two natural gas deals in Northern Delaware Basin

Matador Resources has announced that its subsidiaries within San Mateo Midstream have signed two separate agreements with a major producer in the Northern Delaware Basin, New Mexico, US.

San Mateo is a joint venture with Matador holding a 51% stake and an affiliate of Five Point Infrastructure owning 49%. The company offers midstream services such as gathering, processing, disposal, and transportation for Matador as well as other customers in the area.

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The first agreement establishes a long-term fixed fee arrangement for San Mateo to gather and process natural gas from newly dedicated acreage in Lea and Eddy Counties, with the gas to be processed at the Marlan Plant in Eddy County.

This story was originally published by Offshore Technology. Read the full story at Offshore Technology →