Matador Resources Company Successfully Closes Contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC
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Matador Resources Company has successfully closed the contribution of its subsidiary, Pronto Midstream, to its joint venture, San Mateo Midstream, for an implied valuation of $600 million.
December 19, 2024 | 11:45 am
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Matador Resources has completed the contribution of Pronto Midstream to San Mateo Midstream, enhancing its midstream joint venture's value.
The successful contribution of Pronto Midstream to San Mateo Midstream at a valuation of $600 million is likely to enhance the value of Matador's joint venture, potentially leading to positive investor sentiment and a short-term increase in MTDR's stock price.
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IMPORTANCE 80
RELEVANCE 100