A Locke Lord team represented Matador Resources Company in a group of long-term natural gas, crude oil and produced water midstream contracts with San Mateo Midstream LLC involving Matador’s properties in the Delaware Basin. San Mateo Midstream LLC is a newly-formed entity that is the result of a joint venture between Matador Resources Company and Five Point Capital Partners LLC, a Houston-based private equity fund. Funding for the joint venture includes an initial cash consideration of $176.4 million by Five Point and certain of its co-investors. The deal was announced on Feb. 17, 2017. The Locke Lord team included Jason Schumacher and Henry Benton (both of Dallas), John Arnold, Patrick Beaton and Philip Lau (all of Houston), Martin Gibson (Austin) and Jennifer Brough and Thomas Knight (Washington, D.C.).
Posted April 7, 2017