Matador's San Mateo Signs Long-Term Gas Services Agreement With Delaware Basin Producer
Bitget2026/11/02 11:32- Matador Resources' joint venture San Mateo secured new and extended long-term gas gathering and processing agreements with a Northern Delaware Basin producer.
- The new fixed-fee agreement covers dedicated acreage in Lea and Eddy Counties, New Mexico; the Black River extension requires no incremental capital spending.
- San Mateo plans a 300 million-cubic-foot-per-day processing expansion at its Marlan plant, targeting completion by year-end 2028.
- Supporting infrastructure includes approximately 20 miles of new gas pipeline, a nitrogen rejection unit and a carbon dioxide removal facility.
- Immediate utilization following completion could generate more than $100 million in adjusted EBITDA by the end of 2029.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic spends $3.4 billion to purchase gas-fired power equipment to supply electricity for data centers
In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.
Why Nintendo Stock Is One to Watch Ahead of the Holiday Season
A wallet address sold 1.44 million TRX via SunSwap in exchange for 460,000 USDT.
Data: Whales have cumulatively withdrawn approximately 13.4 million USDT from a certain exchange.
Crypto prices
More
