Matador Resources Company receives approximately $113 million from sale of Piñon Midstream, LLC
(Oil & Gas 360) – DALLAS–(BUSINESS WIRE)–Oct. 29, 2024– Yesterday, on October 28, 2024, Enterprise Products Partners L.P. (“Enterprise”) announced that it had completed its acquisition of Piñon Midstream, LLC (“Piñon”). Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced it had received its share of the sales proceeds, or approximately $113 million, for Matador’s approximate 19% ownership interest in the parent company of Piñon.