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Five Point Energy and Matador Resources enter joint venture to add crude oil, natural gas, and saltwater pipelines in Permian Basin

Houston Chronicle, February 27, 2019

A new joint venture between two pipeline companies will allow their customers to move more crude oil, natural gas and produced water on the New Mexico side of the Permian Basin.

Five Point Energy of Houston and Matador Resources of Houston announced the formation of San Mateo Midstream II LLC on Monday. The joint venture will provide services ranging from natural gas gathering and processing to crude oil gathering, produced water gathering and saltwater disposal in southeastern New Mexico.

The region is part of the Delaware Basin, the western lobe of the larger Permian Basin —  the most active shale play in the United States.

Click here to read the full article from Houston Chronicle.


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