San Mateo Midstream Announces Completion and Start-Up of Black River Processing Plant Expansion in Eddy County, New Mexico
DALLAS, Texas, September 1, 2020 – San Mateo Midstream (“San Mateo” or the “Company”) today announced the completion and successful start-up of the expansion of the Black River cryogenic natural gas processing plant (the “Black River Processing Plant”) in Eddy County, New Mexico. The expansion of the Black River Processing Plant adds an incremental designed inlet capacity of 200 million cubic feet of natural gas per day to the previously existing designed inlet capacity of 260 million cubic feet of natural gas per day for a total designed inlet capacity of 460 million cubic feet of natural gas per day. The expanded Black River Processing Plant supports San Mateo’s anchor customer, Matador Resources Company (NYSE: MTDR), and offers processing opportunities for other producers’ development efforts in the Delaware Basin. Consistent with existing arrangements, San Mateo’s customers may access firm transportation via pipeline and fractionation for all natural gas liquids (“NGL”) and firm transportation via pipeline for all residue natural gas volumes delivered at the tailgate of the Black River Processing Plant, including those volumes attributable to the newly increased inlet capacity.