Matador Resources Company Announces Successful Closing of San Mateo’s Acquisition of Cardinal Midstream
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") today announced that San Mateo Midstream, LLC ("San Mateo"), Matador’s 51%-owned midstream joint venture with 49% co-owner Five Point Infrastructure ("Five Point"), has successfully completed the acquisition of the operating subsidiaries of Cardinal Midstream Partners, LLC ("Cardinal"), a portfolio company of EnCap Flatrock Midstream, for total cash consideration of $752 million, subject to customary post-closing adjustments (the "Cardinal Acquisition").
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260803900404/en/Cardinal’s assets include a natural gas process
