Five Point and Matador Resources Form Strategic Joint Venture to Expand Midstream Business in the Delaware Basin
Houston, TX – February 17, 2017 – A wholly owned subsidiary of Five Point Capital Partners LLC
(“Five Point”) and Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the
formation of San Mateo Midstream, LLC (“San Mateo” or the “JV”) to own, operate and expand natural
gas, crude oil, and produced water midstream assets in the Delaware Basin, including Matador’s
midstream assets in Eddy County, New Mexico and Loving County, Texas (the “Midstream Assets”).
At formation, Five Point and Matador owned 49% and 51% of the JV, respectively, with Matador’s
midstream team continuing to operate the Midstream Assets.