Matador Resources expands infrastructure with new gas pipeline connections in Permian Basin
(UI) — Matador Resources Company has announced the successful completion of natural gas pipeline connections between Pronto Midstream and San Mateo and between Pronto Midstream and Matador’s acreage obtained in the Advance acquisition.
“As anticipated during our fourth quarter and year-end 2023 earnings call, we are pleased to announce the successful completion of these pipeline projects, which further strengthen our midstream infrastructure, enhance our upstream operations and support our growth objectives in the northern Delaware Basin,” Joseph Foran, Matador’s Founder, chairman and CEO, said.
These connector pipelines will provide further flow assurance and options for Matador and third-party customer natural gas volumes and should contribute to the resolution of the temporary midstream third-party maintenance issues experienced in the first quarter of 2024.
“Both pipeline additions, which include over 20 miles of natural gas pipeline, will enable Matador to more effectively gather and transport natural gas production from the 21 Dagger Lake South wells, which are expected to be turned-to-sales in the second quarter of 2024,” Foran said. “The natural gas pipeline connection between Pronto Midstream and San Mateo can flow natural gas in either direction to optimize market conditions. These natural gas pipeline connections will assist in the execution of our strategic priorities for our production, including record Matador production in 2024, as our guidance has indicated.”
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