Five Point Energy and Matador Resources Form Delaware Basin Midstream Joint Venture, San Mateo II

Five Point Energy and Matador Resources Form Delaware Basin Midstream Joint Venture, San Mateo II

February 25, 2019

HOUSTON, Texas, February 25, 2019 – Five Point Energy LLC (“Five Point”) today announced the formation of a new strategic joint venture, San Mateo Midstream II, LLC (“San Mateo II”), in partnership with a wholly-owned subsidiary of Matador Resources Company (NYSE: MTDR) (“Matador”). San Mateo II is the second midstream partnership between Five Point and Matador and, similar to San Mateo Midstream I (together with San Mateo II, “San Mateo”), will provide natural gas gathering and processing, crude oil gathering, and produced water gathering and disposal solutions to E&Ps throughout the Northern Delaware Basin.

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