Texas-Led Team Advises Summit Midstream's Sale of Lane Gathering and Processing System to Subsidiary of Matador Resources

Jennie Simmons and Bill Swanstrom (both of Houston) led a Locke Lord team advising Summit Midstream Partners, a limited partnership focused on developing, owning and operating midstream energy infrastructure assets, in the sale of its Lane Gathering and Processing System in the Delaware Basin to a subsidiary of Matador Resources Company, a premier upstream and midstream operator in the Delaware Basin, for a cash sale price of $75 million. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2022. For more information, see the press release. Additional assistance was provided by Lauren Richter, Ben Cowan, Gislar Donnenberg, Laura Ferguson, Eric Larson, Buddy Sanders and Annaleigh Richardson (all of Houston) and Gene Schlack (Boston).
Posted on June 13, 2022