Matador Resources Company Receives Approximately $113 Million From Sale of Piñon Midstream, LLC
Matador Resources Company (MTDR)
Last matador resources company earnings: 4/29 04:15 pm
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investors.matadorresources.com
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Yesterday, on October 28, 2024, Enterprise Products Partners L.P. (“Enterprise”) announced that it had completed its acquisition of Piñon Midstream, LLC (“Piñon”). Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador’s approximate 19% ownership interest in the parent company of Piñon.Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Congratulations to the Enterprise team on a smooth and successful transaction. We were pleased to have acquired an approximate 19% ownership interest in the parent company of Piñon in connection with our recent Ameredev acquisition that closed in September 2024. We look forward to working with Enterprise going forward as we develop our assets in southern Lea County, New Mexico. We plan to use the approximate $113 million in sales proceeds to pay down our $980 million in current outstanding
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MTDR
Earnings
- 10/22/24 - Beat
MTDR
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K/A
- 11/7/24 - Form SC
- MTDR's page on the SEC website